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Steady increase in private gross fixed capital formation over last 5 years: Govt
The Business Guardian
|August 07, 2024
In a detailed report presented to the Rajya Sabha, the Ministry of Finance, through Minister of State Pankaj Chaudhary, addressed an unstarred question posed by Randeep Singh Surjewala concerning the state of private capital investment in India over the past five years.
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The minister’s response provided a comprehensive overview of private capital expenditure (capex), corporate bond issuances, bank credit flows, and gross fixed capital formation (GFCF).
The data, sourced from the Ministry of Statistics and Programme Implementation (MoSPI), highlights a steady increase in GFCF by private corporations, with a notable dip in 2020-21 due to the COVID-19 pandemic.
This dip was followed by a recovery in subsequent years For instance, the GFCF by private non-financial corporations rose from Rs 19.0 lakh crore in 2018-19 to Rs 29.0 lakh crore in 2022-23.
Dit verhaal komt uit de August 07, 2024-editie van The Business Guardian.
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