India’s Investment Engines & Real Estate’s New Revenue Revolution: Trends to Watch in FY26
🚨 Top 5 States to Drive Half of India’s Capex in FY26 According to a recent report by Bank of Baroda, five Indian states are expected to contribute nearly 50% of the total capital outlay (capex) for FY26—underscoring their crucial role in India’s infrastructure growth and development. Leading States by Capex in FY26: Uttar Pradesh – 16.3% Gujarat – 9.4% Maharashtra – 8.3% Madhya Pradesh – 8.1% Karnataka – 6.7% These states alone are set to drive the ₹10.2 lakh crore in projected capital outlay, rising from ₹8.7 lakh crore in FY25. Notably, this capex is earmarked for long-term fixed asset creation —such as roads, health facilities, and schools—underlining a state-led growth model in public investment. On the flip side, Nagaland, Himachal Pradesh, and Sikkim are likely to see minimal capex contributions—just 0.4% collectively. 📈 Revenue Side: Who’s Earning the Most? FY26 will also see total state receipts rising 10.6% to ₹69.4 lakh crore. Top states i...