India Capital Expenditure Analysis 2023-24
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 — 2023-24
9.49 lakh crore
Rs 9.49 lakh crore
Previous Year (2022-23)
8.18 lakh crore
Year-over-Year Change
+16.0%
Capital Expenditure — 5-Year Trend
| Year | total Cap Expenditure |
|---|---|
| 2019-20 | Rs 4.27 lakh crore |
| 2020-21 | Rs 5.05 lakh crore |
| 2021-22 | Rs 5.93 lakh crore |
| 2022-23 | Rs 8.18 lakh crore |
| 2023-24 | Rs 9.49 lakh crore |
Source: Union Budget Documents, Ministry of Finance. Figures may include BE/RE/Actuals depending on availability.
Budget Snapshot — 2023-24
Total Expenditure
43.15 lakh crore
Total Receipts
43.15 lakh crore
Capital Expenditure
9.49 lakh crore
Tax Revenue
21.53 lakh crore
Fiscal Deficit
5.6% of GDP
Interest Payments
10.85 lakh crore