States need to raise capex to 3% of GSDP by FY32 for developed India: Revenue secretary
Revenue Secretary Tarun Bajaj urged states to increase capital expenditure to 3% of Gross State Domestic Product (GSDP) by FY32 during a conference on financing India's development. Currently, states have budgeted around ₹11 trillion, or 2.4% of GSDP. Achieving this target is crucial for enhancing infrastructure and public services in the push for a developed India.