Government to sustain capex push despite fiscal stress due to global uncertainties: Finance Ministry official

The government will proceed with the planned ₹12.22 lakh crore capital expenditure in the current fiscal to maintain the growth momentum despite the fiscal stress arising from the ongoing West Asia conflict, a senior official said on Friday (May 1, 2026).

Expenditure Secretary V. Vualnam said the upcoming few quarters and the coming year would possibly have a “lot of stress points”. Tax buoyancy could be impacted by a cut in excise duties on petrol and diesel brought about in late March.