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Telecom and Railways Experience Slowdown in Capital Expenditure

share-iconMonday, January 06 comment-icon2 weeks ago 9 views
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indiatimesINDIATIMES
Telecom and Railways Experience Slowdown in Capital Expenditure

Credited from: INDIATIMES

  • Telecom and other ministries have shown a significant decrease in capital expenditure.
  • The Department of Telecommunications has only utilized 6% of its planned budget, spending Rs 5,424 crore out of Rs 84,496 crore.
  • The Department of Economic Affairs reported 4% spending, amounting to Rs 2,948 crore, against a total allocation of Rs 66,197 crore.
  • The decrease in government capex is linked to slower economic growth and was impacted by elections in the first quarter.
  • Other ministries, such as Railways and Highways, also reported lower spending this year compared to the previous year.

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Capital expenditure Telecom Railways Economic growth Government spending
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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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