States’ Capital Outlay to Hit ₹8.5 Trillion in FY27: Evaluating GST Buoyancy, Fiscal Headroom, and Tax Governance Implications
Crisil Ratings projects state capital outlay to grow 10–12% in FY27 to ₹8.5 trillion. We examine how central support under the SASCI scheme and robust GST revenue buoyancy drive state capital expenditure, alongside the tax compliance and enforcement mechanics underpinning public infrastructure spending.
