
Larsen and Toubro's Chief Financial Officer R Shankar Raman anticipates a 10% increase in the government's capital expenditure for FY27. He believes ample system liquidity will support investments, even with high state spending, and that infrastructure is crucial for India's developed economy goal by 2047. Raman also noted concerns about project execution delays due to lowest-bidder contracts, advocating for qualitative pricing mechanisms.
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