ReferIndia News PM Modi flags capex climb to ₹12 lakh crore in a decade, ties infra push to long-term growth

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PM Modi flags capex climb to ₹12 lakh crore in a decade, ties infra push to long-term growth

Published on: Feb. 27, 2026, 11:58 a.m. | Source: The Economic Times

Prime Minister Narendra Modi described public capital expenditure as the cornerstone of India's economic strategy, noting a marked rise in government infrastructure spending to secure long-term productivity gains. This investment drive forms part of a sustained nation-building effort aimed at transforming India into a developed economy by 2047.

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