India might overshoot capex target of ₹11.1 trillion for FY25, no downside risk to growth: Economic Affairs Secretary | Mint

India is likely to exceed its capital expenditure (capex) target of ₹11.1 trillion for FY25, according to Economic Affairs Secretary Ajay Seth. He emphasized that there is no downside risk to growth, with the government committed to maintaining its investment momentum. The increased capex is expected to drive economic growth, create jobs, and enhance infrastructure development. The government’s focus on capital spending is part of its broader strategy to stimulate the economy and achieve sustainable growth. Seth highlighted the importance of public investment in boosting private sector confidence and attracting further investments. The government’s proactive approach to capex is seen as a key factor in supporting economic recovery and long-term development. The emphasis on infrastructure projects, including roads, railways, and urban development, is expected to have a multiplier effect on the economy, contributing to higher growth rates and improved living standards.