India’s Q1 capex up 23% as deficit hits 18.2% of target
The CGA reports that central capex surged 23.7% YoY in the April‑June quarter, while the fiscal deficit widened to 18.2% of the FY27 budget target—up from 17.9% a year earlier. Slower revenue growth and war‑related strain risk pushing the deficit higher unless GDP accelerates.