Home BUSINESS India Inc’s FY22 capex rises 9.1% yoy but lags behind pre-Covid growth

India Inc’s FY22 capex rises 9.1% yoy but lags behind pre-Covid growth

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The rise in corporate assets, also called gross block, was largely led by major companies and industry leaders; small and medium enterprises lagging behind in terms of capex

topics
capital expenditures | capital expenditures

Krsna Kant |
mumbai


Corporate India’s investment in assets such as plant, equipment, land, buildings and acquisitions grew by 9.1% YoY in FY22, faster than the 7.4% YoY growth in capital spending in the last year. Still, average capital spending growth over the past two years was significantly slower than the previous two years in the run-up to the pandemic.

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First published: Tuesday, September 20, 2022. 06:15 IST


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