Government may opt for 15-20% hike in capex

Government plans to increase capital expenditure by 15-20% next year to sustain public spending and boost demand and investment. Road transport and highways may receive Rs 3.2 lakh crore, an 18.5% increase, while railways could see a 14% rise to Rs 2.8 lakh crore. This move is positive for sectors like cement and steel and will facilitate job creation. https://ift.tt/vVwHWG7