Economic Survey
Govt's capital expenditure on key infrastructure sectors grew at a rate of 38.8 per cent from 2019-20 to 2023-24: Economic Survey
The Economic Survey tabled in the Indian Parliament on Friday said the Union Government‘s capital expenditure on key infrastructure sectors has grown at a rate of 38.8 per cent from 2019-20 to 2023-24.
The survey stated that in 2024-25, capital expenditure picked up momentum between July and November 2024.
The survey was tabled by Union Finance Minister Nirmala Sitharaman in the Parliament.
The power sector network continues to expand, with installed capacity rising by 7.2 per cent year-on-year to 456.7 GW as of November 2024.
The addition of transformation capacity also gained momentum this year. In the shift towards renewable energy, the power sector has been bolstered primarily by large-scale solar and wind initiatives.
By the end of December 2024, the country's total renewable energy installed capacity increased by 15.8 per cent year-on-year (YoY), reaching 209.4 GW, up from 180.8 GW in December 2023.
With the implementation of the Revamped Distribution Sector Scheme, the daily average power supply has improved from 22.1 hours in FY14 to 23.4 hours in FY24 in the urban areas and from 12.5 hours in FY14 to 21.9 hours in the rural areas.
The gap between energy demand and supply has also declined from 4.2 per cent in FY14 to a mere 0.1 per cent by December 2024.
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