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Support Clear Cut — the only magazine focused solely on social issues—to keep independent, data-driven journalism alive. Celebrating One Year of ClearCut! One year of evidence-based storytelling, informed conversations, and driving meaningful change. Thank you for being part of our journey.
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Support Clear Cut — the only magazine focused solely on social issues—to keep independent, data-driven journalism alive. Celebrating One Year of ClearCut! One year of evidence-based storytelling, informed conversations, and driving meaningful change. Thank you for being part of our journey.

Tag: capital expenditure

It’s your money… It’s your India… One word only: Welfare or Development?

Admin012 mins

Budget Trends: Welfare vs Capital Expenditure Recent Union budgets have explicitly favored capital investment. The table below summarizes Union spending; the capital (capex) share of total expenditure has climbed from ~17% in FY2022-23 to ~23% in FY2026-27. Revenue expenditure (salaries, subsidies, subsidies etc.) has grown more slowly. States, facing rising debt-to-GSDP ratios (>40% in some)…

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Union Budget 2026–27: A Fiscal Consolidation Framework with Targeted Growth Priorities

Admin09 mins

Introduction The Union Budget 2026–27 marks a significant crossroads in India’s fiscal trajectory, balancing macroeconomic austerity with targeted investments in growth, infrastructure, and social development. The budget displays a cautious but strategic approach in light of post-pandemic budgetary recalibration, domestic structural reforms, and weak global growth. According to the budget, it prioritises capital investment, manages…

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