India's Gross Fixed Capital Formation grew to Rs 54.35 lakh crore since 2014-15
New Delhi: The Gross Fixed Capital Formation (GFCF) in the Indian economy has shown a significant increase, rising from Rs. 32.78 lakh crore (at constant 2011-12 prices) in 2014-15 to Rs 54.35 lakh crore in 2022-23 (based on Provisional Estimates).
Union Minister for State for Finance Pankaj Chaudhary conveyed this information to Lok Sabha on Monday in a written reply to a question while giving details of the total worth of the investment proposals approved by the government from 2014 onwards to till date.
The Government and private sector together invest in the economy, he underscored.
The Minister stated that the government is implementing the 'Scheme for Special Assistance to States for Capital Expenditure' (2020-21 & 2021-22) and the 'Scheme for Special Assistance to States for Capital Investment' (2022-23 & 2023-24).
The government approved and released special assistance (loan) in the form of a 50-year interest-free loan for capital expenditure on capital projects including capital projects pertaining to sectors like health, education, irrigation, power, etc for capital expenditure for different states.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
Siraj, Bumrah help India bowl out West Indies for 162 in Ahmedabad
RSS chief Mohan Bhagwat speaks on Pahalgam attack, tariff war, Aatmanirbhar Bharat in Dashami speech: Excerpts
Alia Bhatt drapes saree in seedha pallu style, chooses white and red bangles to attend Rani-Kajol's Durga Puja festivities
PM Modi wishes Mallikarjun Kharge 'speedy recovery' after pacemaker implant procedure
