India's State Capex Utilisation Slows

The latest data reveals that state capex utilisation in India has slowed down in the first quarter of FY27. This indicates a moderate pace of investment in infrastructure and other capital projects by state governments. The trend is being closely watched as it has a direct impact on the country's economic growth and development. Over the past six years, the state capex utilisation has remained in the mid-range, suggesting a consistent but not spectacular pace of investment.