Despite geopolitical shocks, India's capex plan remains unaffected, says union expenditure secretary
India's Central government will keep its Capital expenditure plans on track despite geopolitical crises, said Vumlunmang Vualnam, secretary, department of expenditure. Infrastructure sectors like highways, railways, and urban development will be the focus areas for the capital expenditure during the current financial year.
India's Central government will continue with its Capital expenditure plans despite geopolitical tensions, said Vumlunmang Vualnam, secretary, department of expenditure, ministry of finance. The focus areas for the capital expenditure during the current financial year will be infrastructure sectors like highways, railways, shipping, ports, and urban development. Vualnam stated this at the Annual Growth Conference 2026 of the Isaac Centre for Public Policy at Ashoka University in Delhi. The government's CAPEX will remain a priority item and will be preserved at the budgeted level, he added. Poonam Gupta, deputy governor, Reserve Bank of India, also expressed confidence in India's economy, citing solid remittances, strong net services exports, and steady FDI inflows as structural strengths. Arunish Chawla, secretary, department of investment and public asset management, highlighted key areas to drive jobs and growth over the next decade.
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