After picking up pace in 2022-23 (FY23), growth in capital expenditure (capex) by the corporate sector in capacity expansion and new projects slowed in 2023-24 (FY24).
The combined fixed assets of India’s top 990 listed companies, excluding banks, financial services, and insurance (BFSI), and
stockbroking firms, increased by just 7.6 per cent year-on-year (Y-o-Y) in FY24, down from 12.2 per cent a year earlier.
The slowdown was across the board and companies in most key sectors.
The combined fixed assets of the non-BFSI sector excluding oil and gas companies (including Reliance Industries) were up 6.3 per cent Y-o-Y in FY24, down from the
First Published: Jun 17 2024 | 11:38 PM IST
