India by the numbers

Central-government capital spending

Data through

Central-government capital spending totalled ₹6.55 trillion

Cumulative spending from April, not investment by every level of government.

Capital expenditure in completed financial years

Capital expenditure in completed financial years: 9 observations shown, from FY 2017-18 through FY 2025-26.

Axis in INR. Paired USD values use the site’s dated reference rate. Capital expenditure in completed financial years. Latest shown reading: ₹10.69 trillion ($114 billion) in FY 2025-26.
Capital expenditure in completed financial years, observations in the selected range
PeriodValue in Indian rupeesUS dollar equivalent at the site’s dated reference rate
FY 2017-18₹2.64 trillion$28.1 billion
FY 2018-19₹3.03 trillion$32.3 billion
FY 2019-20₹3.37 trillion$35.9 billion
FY 2020-21₹4.25 trillion$45.3 billion
FY 2021-22₹5.93 trillion$63.3 billion
FY 2022-23₹7.36 trillion$78.6 billion
FY 2023-24₹9.49 trillion$101 billion
FY 2024-25₹10.52 trillion$112 billion
FY 2025-26₹10.69 trillion$114 billion

data.indiadispatch.com

Source: Controller General of Accounts, India Dispatch Research

What the figures measure

Capital expenditure was ₹6.55 trillion (₹6.55 lakh crore) · $69.9 billion, or 53.6% of the 2026-27 budget estimate. This is central-government spending, not investment by all levels of government.

Budget execution was +1.8 points relative to the same stage of the previous financial year. That comparison is a share of each year’s budget, not expenditure growth.

The annual chart excludes the incomplete current year. Financial years run from April to March; the current total is cumulative from April.

Amounts are nominal. Changes can reflect inflation as well as the volume and timing of capital spending.

Dollar equivalents use the same reference rate throughout, not the historical exchange rate for each observation. FX as of 11 November 2026.

Current budget execution

Current budget execution
PeriodCapital spendingFull-year budgetBudget spent
April through September 2026₹6.55 trillion (₹6.55 lakh crore) · $69.9 billion₹12.22 trillion (₹12.22 lakh crore) · $130 billion53.6%

data.indiadispatch.com

Completed financial years

Completed financial years
Financial yearCapital spending
2025-26₹10.69 trillion (₹10.69 lakh crore) · $114 billion
2024-25₹10.52 trillion (₹10.52 lakh crore) · $112 billion
2023-24₹9.49 trillion (₹9.49 lakh crore) · $101 billion
2022-23₹7.36 trillion (₹7.36 lakh crore) · $78.6 billion
2021-22₹5.93 trillion (₹5.93 lakh crore) · $63.3 billion
2020-21₹4.25 trillion (₹4.25 lakh crore) · $45.3 billion
2019-20₹3.37 trillion (₹3.37 lakh crore) · $35.9 billion
2018-19₹3.03 trillion (₹3.03 lakh crore) · $32.3 billion
2017-18₹2.64 trillion (₹2.64 lakh crore) · $28.1 billion

data.indiadispatch.com

Cite this reading

India by the numbers, Central-government capital spending, April through September 2026. Central-government capital spending, financial year to date: ₹6.55 trillion · $69.9 billion. Source: Controller General of Accounts. https://data.indiadispatch.com/public-finance/capital-expenditure

Published content updated . This is separate from the source observation period.

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