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States boost spending to 6% but still lag behind averages

Finance

Business Standard
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States boost spending to 6% but still lag behind averages

Hey buddy, states are cranking up their spending from 4% to 6%, hitting around Rs 7.5 lakh crore! But hold your horses, that's still lower than last year’s 7% and the long-term average of 11%. Water and housing are the big spenders. The top 18 states will gobble up 94% of this cash! Meanwhile, social spending is about to jump, squeezing capital outlay even more.

few days ago | Press Trust of India