India will sustain growth through more capital spending

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STORY: "We would continue to push capital expenditure, and that I’m saying even as I’m preparing for the next budget," Nirmala Sitharaman said.

"We are well on course on meeting this year’s target. The states have shown extraordinary absorption capacity for taking the monies and spending on capital assets."

Sitharaman is likely to present the 2023/24 budget on Feb. 1, the last full budget before national elections in 2024. India's fiscal year starts on April 1 and runs through March.