India Pushes Public Investment as Outside Risks Grow
India's Union finance ministry has asked government departments and ministries to give priority to capital spending. The aim is to keep productive investment flowing and stop growth momentum from slowing just as private investment starts to pick up. The move comes as risks from outside the country are rising.
Context
Context: Capital expenditure is money governments spend on assets such as roads, railways and buildings that boost long-term capacity. Governments often lean on public spending to keep growth going when private companies hold back.
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