The Union Budget 2023 will increase capital expenditure by 33% to Rs 10 trillion.

According to Finance Minister Nirmala Sithraman, the Center would increase the capital expenditure (capex) spending for 2023–24 by 33% to Rs 10 trillion.

The outlay on capex is at its greatest level ever. The capital expenditure for FY23 was Rs 7.5 trillion.