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India's Capex Machine Has a New Problem: The Gap Between Allocation and Execution Is Widening
Union Budget 2026-27 raised India's public capital expenditure target to ₹12.22 lakh crore — an 11.5% increase over the revised FY26 estimate, and the highest infrastructure allocation in absolute terms in India's history. The question is whether execution can keep up with ambition. ₹12.22 Lakh Cr 32.4% ₹3.09 Lakh Cr ₹150 Lakh Cr Infra capex — Budget 2026-27 Central capex growth Apr–Oct FY26 MoRTH allocation FY27 — 7.9% rise Proposed NIP 2026-32 The headline number and what i

Thoughts Initiative Team
Apr 213 min read


Sleeper, Speed & Scale: How the Vande Bharat Sleeper Is Changing Overnight Travel in India
On January 17, 2026, Prime Minister Narendra Modi inaugurated India’s first Vande Bharat Sleeper Express at Malda Town, West Bengal. The train — seven years in the making, having been conceived as “Train 20” back in 2018 — marked a fundamental shift in what long-distance overnight rail travel in India can look like. Here is what it actually is, what it offers, and what comes next. Jan 17, 2026 First service inaugurated 160 kmph Max operational speed 823 Total berths per rake

Thoughts Initiative Team
Mar 186 min read
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