In a bid to fuel economic growth, the Indian government is considering a 20-30% surge in the capital expenditure (capex) target for the fiscal year 2024-25, projecting it to be around Rs 12-13 lakh crore. This potential increase, set to be announced in the interim budget 2024, follows a 33% rise in the FY24 capex target. The current fiscal year has seen a 31% increase in capex to Rs 5.9 lakh crore by November 2023. The government aims to sustain its focus on infrastructure development, continuing the trend of elevated capex, especially in the key sector.