The Government is committed to ensure that capital expenditure will continue to support the economic growth momentum regained after the third Covid-19 wave, Chief Economic Advisor V Anantha Nageswaran said on Friday.
The government has taken various steps -- including lowering taxes, the continuation of privatisation, setting up institutions for sequestering bad loans and managing them and launching an asset monetisation drive -- to strengthen the real economy.
"Given the ongoing sense of uncertainty among the private sector participants, both in banking and the non-banking world, the government is committed to making sure that capital expenditure continues (in) such (a way) that growth impulse that we have regained after the third wave is not surrendered," Nageswaran said while speaking at a banking event organised by Financial Express. In the previous fiscal the government managed to spend Rs 5.92 lakh crore.