Budget 2025: Capex stocks drop up to 43% from the last budget. Can government spending do the trick?

As the countdown to Modi 3.0’s Budget 2025 begins, D-Street is pinning its hopes on higher public capital expenditure to fire up the Indian economy. Due to a 7-month spending lull, government spending is expected to fall 15% short of the FY25 budget estimate of Rs 11.1 lakh crore.The impact has…