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India Capital Expenditure Analysis 2022-23

Capital expenditure represents government spending on infrastructure, assets, and long-term investments. Rising capex signals economic growth intent, while declining capex raises concerns about fiscal consolidation at the cost of development.

Capital Expenditure — 2022-23

8.18 lakh crore

Rs 8.18 lakh crore

Previous Year (2021-22)

5.93 lakh crore

Year-over-Year Change

+37.9%

Capital Expenditure — 5-Year Trend

Yeartotal Cap Expenditure
2018-19Rs 3.17 lakh crore
2019-20Rs 4.27 lakh crore
2020-21Rs 5.05 lakh crore
2021-22Rs 5.93 lakh crore
2022-23Rs 8.18 lakh crore

Source: Union Budget Documents, Ministry of Finance. Figures may include BE/RE/Actuals depending on availability.

Budget Snapshot — 2022-23

Total Expenditure

37.59 lakh crore

Total Receipts

39.67 lakh crore

Capital Expenditure

8.18 lakh crore

Tax Revenue

19.22 lakh crore

Fiscal Deficit

6.4% of GDP

Interest Payments

9.26 lakh crore

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