States' Capital Expenditure Grew 14% in April-August

Imagine the government is like a group of big companies.

They're spending money, called capex, on things like building roads and schools.

The states, similar to company branches, increased their spending by 14% between April and August.

Tax revenue growth was slower than last year.

To cover costs, states borrowed 24% more.

The central government is also investing in infrastructure, with about half of its yearly spending done by September.