Emkay Research expects the central government to meet its target, but states may fall short by 0.5% of GDP, bringing combined capex for FY25 to 4.9%—below the budgeted 5.4%.
Emkay Research expects the central government to meet its target, but states may fall short by 0.5% of GDP, bringing combined capex for FY25 to 4.9%—below the budgeted 5.4%.