The states, namely, Andhra Pradesh, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh and West Bengal have a combined fiscal space of Rs 7.4 lakh crore for capital spending in FY'2023, 81% higher than their capex of Rs. 4.1 trillion in FY'2022, Icra said in a note.
Read More