According to the Economic Survey 2023-24 presented in Parliament on 22 July 2024, capital expenditure for FY24 stood at ₹9.5 lakh crore, an increase of _______ on a yearon-year basis? 

The correct answer is option 4.

Key Points

• As per the Economic Survey 2023-24, the capital expenditure for FY24 stood at ₹9.5 lakh crore.
• This figure represents an increase of 0.282 on a year-on-year basis.
• The Economic Survey 2023-24 was presented in Parliament on 22 July 2024.
• The increase in capital expenditure is indicative of the government's focus on infrastructure development and economic growth.

Additional Information

• Economic Survey
  • The Economic Survey is an annual document released by the Ministry of Finance, Government of India.
  • It reviews the development of the Indian economy over the past financial year.
  • The survey provides a comprehensive analysis of various sectors of the economy and outlines the government's policy agenda.
• Capital Expenditure
  • Capital expenditure refers to funds used by an organization to acquire or upgrade physical assets such as property, industrial buildings, or equipment.
  • It is often used to undertake new projects or investments by the government in infrastructure, health, education, etc.
  • Capital expenditure is crucial for long-term economic growth and development.
• Infrastructure Development
  • Infrastructure development includes the construction and improvement of foundational services and facilities like roads, bridges, water supply, and electricity.
  • It is vital for economic growth as it improves connectivity and efficiency.
  • Increased infrastructure investment can lead to job creation and improved public services.