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Will Sluggish Spending By States Dent The Economic Momentum?
Spending by most major states remains well below the halfway mark.
25 Nov 2021, 07:57 AM IST
Spending by large Indian states remains sluggish, even as expenditure by the central government has picked up.According to data from state financial accounts compiled by BloombergQuint, overall revenue expenditure by the ten major states in the April-September period stood at Rs 9.14 lakh crore. On average, the ten states spent 41.5% of the budget estimate up to September 2021—a modest uptick from the 38.7% of budgeted amount spent i...
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