‘FY24: NEW PRIVATE INVESTMENTS DIP 15%; STATES LEAD CAPEX RISE’:
Why in the news?
FY24 witnesses 15.3% dip in new private investments; States lead capital expenditure rise, Maharashtra tops new project acquisition.
Source:slideshare
About the Investment Trends in FY24:
- New private sector investment plans declined by 15.3% in 2023-24, while foreign investors reduced new outlays by nearly a third, resulting in a 5% drop in India’s new investment announcements from the record high of almost 137 lakh crore in FY23.
- Manufacturing sector witnessed the most significant decline, with proposed outlays dropping by 40% from 19.85 lakh crore in FY23 to less than 11.9 lakh crore in FY24.
- Irrigation and mining investments also decreased by 48.7% and 19.25%, respectively, while electricity and infrastructure saw upticks of 96% and 22%, respectively.
What is Capital Expenditure (Capex) in India?
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