The economy in the country will move faster, capital expenditure is expected to increase by 80% this year.

Capital expenditure up 80% this year - India TV Paisa
Image: File Capital expenditure is expected to increase by 80% this year.

The investment climate in economic activities in the country is also improving rapidly. Along with this, there is a possibility of rapid increase in investment in the country. Investment activity in the country is picking up and investments are expected to increase by more than 80 percent to Rs 1.71 lakh crore in the current financial year. This is stated in an article published in the Bulletin of the Reserve Bank of India.

The article, authored by Shriya Bhan, Rajendra N. Chavan and Rajesh B. Kivadia, published on Thursday, said that improving capacity utilization in the manufacturing sector, increasing credit demand and improving consumer sentiment supported investment. is doing It said lending activity has picked up due to cleaning up of the books of both companies and banks.

The Reserve Bank has clarified that the views expressed in the article are those of the authors and do not represent the views of the RBI. “Based on investments in projects in the pipeline, it is found that capital expenditure is projected to increase significantly to Rs 1,71,568 crore in 2023-24, up from Rs 1,71,568 crore,” the article said. crore will be Rs. in 2022-23.” 94,876 crore was Rs.

Infrastructure remains a key sector, accounting for 60 per cent of the total cost of projects in FY 2022-23. This includes power, telecommunications, ports and airports, storage and water management, special economic zones, industrial, biotechnology, information technology parks, and roads and bridges.

Apart from infrastructure, metals and metal products, construction, textiles and food products also contributed well to the total cost of projects in the last financial year, the article said.

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