The Budgets tabled by the states so far in 2025 indicate that growth in their collective capital outlays is projected to moderate, mimicking the trend seen in the Union budget this year, as per a report by Elara Capital.
In FY25, Punjab is set to experience financial challenges as its capital-to-revenue expenditure ratio is the lowest among all states, standing at just 6.2 per cent, highlighted a research report by National Stock Exchange.