State in top three for Q1 capex surge
According to a Comptroller and Auditor General (CAG) report, Gujarat led with 65 per cent growth, followed by Uttar Pradesh with 42 per cent.
Sixteen states posted year-on-year gains in Q1 capex.
Madhya Pradesh has achieved an outstanding position so far, stated an official statement issued here on Tuesday. The Centre and states have together accelerated capex spending in the first quarter of FY 26.
The Central govt data on provisional capex between April to June 2025 show a growth of 52 percent at Rs 275132 crore.
The Centre has already utilised one fourth or 25 % of its budgeted capex of Rs.
11.2 lakh crore for the year in quarter first compared to just 16 percent utilised last year.
As the CAG data reveals, the details of 23 states have clocked aggregate capex of Rs 99478 crore in quarter first compared to Rs 81,494 crore in the same period last year representing 22 percent growth.
Madhya Pradesh has shown a remarkable annual growth, better than comparatively more prosperous states. In 2011-12 the per capita net state domestic product surged from Rs.
by Taboola
by Taboola
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38,497 to Rs 67,300 in 2023-24, recording an average annual growth rate of 4.8 per cent.
This pace was faster than that of richer states like Maharashtra - 4.3 percent and Haryana 4.6 percent. In 2023-24, the GDP of Madhya Pradesh at current prices stood at Rs 13 lakh 53 thousand 809 crore having 11.05 percent increase.
Now, it has touched Rs 15 lakh 03 thousand 395 crore. The speedier growth underlines a strong economy of the state and integrated development. Now, the goal is to double it by 2028-29. Per capita income in 2024-25 at current prices is Rs 1 lakh 52 thousand 615 while at constant price it is Rs 70 thousand 434, added the release.
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