Housing, roads among biggest capex gainers in FY22, PMAY urban lags

A recent analysis by Business Standard shows that only 48.7 per cent of houses had been completed until May 17

Capital infrastructure has been at the forefront of the Centre’s revival plan for the Indian economy ever since it saw a record contraction in the first quarter of FY21.  The capital expenditure (capex) Budget estimate (BE) for FY23 has been kept at Rs 7.5 trillion, out of which Rs 1 trillion will go to states as long-term, interest-free loans for their capex needs.

This figure (Rs 7.5 trillion) is 24.4 per cent over the FY22 revised estimate of Rs 6.03 trillion, and 76 per cent over the FY21 outlay of Rs 4.26 trillion. In absolute terms, the Centre’s capex Budget has