The capital expenditure landscape in the country is showing clear signs of optimism, supported by healthy spending by the Centre, a pick-up in state capex, and a revival in investments among Indian corporations, according to a report by Care Edge Ratings.
The last two decades have shown that states' spending usually picks up after elections, with revenue expenditure turning out to be the most prominent driver, according to a report by Emkay Research.
Telangana Roads and Buildings Minister Komatireddy Venkat Reddy on Tuesday dismissed the charge of the Congress government in the state spending more than Rs 2 crores for the renovation of the secretariat.