According to Crisil's report, what is the forecasted percentage increase in capital expenditure for India's 18 largest states in FY24?

Question

According to Crisil's report, what is the forecasted percentage increase in capital expenditure for India's 18 largest states in FY24?

A. 12-15%

B. 15-18%

C. 16-19%

D. 18-20%

Correct Answer :

D. 18-20%

Crisil's report anticipates a substantial 18-20% increase in capital expenditure for India's 18 largest states in the fiscal year 2023-24, driven by factors such as robust GST collections, stable central government devolution, and significant interest-free loan allocation.

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According to Crisil's report, what is the forecasted percentage increase in capital expenditure for India's 18 largest states in FY24?

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