Chennai, Aug. 3 -- While the India's capital expenditure has surged more than fourfold to over Rs 12 lakh crore over the last 7-8 years, the financing required for India's infrastructure is beyond the capacity of government budgets, said Anantha Nageswaran, Chief Economic Adviser, Government of India (GoI).

Addressing the CII Tamil Nadu Infrastructure Summit 2026 on Monday, Nageswaran said the effective figure rises to nearly Rs 17 lakh crore when grants that create assets in states are included.

"It has raised the capital expenditure from around Rs 2.5 lakh crore rupees to over Rs 12 lakh crore rupees for the current budget and more than a fourfold increase and the grants, that create assets in the states -- the effective figure is clo...