Farm loan waivers to crimp states' capex, says report
Updated : December 27, 2018 05:32 PM IST
States' capital spending is a major driver of investment growht which drives the economy, and historically, it has been higher than capex undertaken by the Centre.
Despite mobilising revenue receipts higher than budgeted, these states could not keep revenue deficit at the budgeted level due to increased revenue expenditure caused by the farm loan waivers, it said.
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