Anuradha P S
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- Jul 29, 2026
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India’s Infrastructure Gamble: When Concrete Crowds Out Care: A Critical Policy Evaluation of India’s Capital Expenditure Push and Its Human Costs | Countercurrents (opens the original)
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The Government of India has been undertaking one of its most ambitious infrastructure investment programmes since Independence in the year 2020. In real terms, the allocation of capital expenditure in the Union Budget has increased by three times from ₹4.1 lakh crore in 2020-21 to ₹11.11 lakh crore in 2024-25, which is about 3.4% of GDP and puts India among one of the world’s most capital expenditure-intensive emerging economies. The straightforward and well-established Keynesian logic of the go
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