Central-government capital spending
Central-government capital spending reached ₹4.51 trillion from April through July 2026
Observations: April through July 2026
Capital expenditure was ₹4.51 trillion · $47 billion, or 36.9% of the 2026–27 budget estimate. This is central-government spending, not investment by all levels of government.
What the figures measure
Budget execution was +6 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 September 25, 2026.
Capital expenditure in completed financial years
data.indiadispatch.com
Current budget execution
| Period | Capital spending | Full-year budget | Budget spent |
|---|---|---|---|
| April through July 2026 | ₹4.51 trillion · $47 billion | ₹12.22 trillion · $128 billion | 36.9% |
data.indiadispatch.com
Completed financial years
| Financial year | Capital spending |
|---|---|
| 2025–26 | ₹10.69 trillion · $112 billion |
| 2024–25 | ₹10.52 trillion · $110 billion |
| 2023–24 | ₹9.49 trillion · $99 billion |
| 2022–23 | ₹7.36 trillion · $76.8 billion |
| 2021–22 | ₹5.93 trillion · $61.9 billion |
| 2020–21 | ₹4.25 trillion · $44.3 billion |
| 2019–20 | ₹3.37 trillion · $35.1 billion |
| 2018–19 | ₹3.03 trillion · $31.6 billion |
| 2017–18 | ₹2.64 trillion · $27.5 billion |
data.indiadispatch.com
Source: Controller General of Accounts. India Dispatch Research.
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