India Inc's FY22 capex rises 9.1% YoY but lags pre-Covid growth

Corporate India’s investment in assets, such as plants, equipment, land, buildings, and acquisitions, grew 9.1 per cent year-on-year (YoY) in FY22, faster than 7.4 per cent YoY growth in capex in the previous year. Still, average capex growth in the past couple of years was significantly slower than that during the preceding two years in the pre-pandemic period. 

The rise in corporate assets, also called gross block, was largely led by top companies and industry leaders; small and medium firms lagged in capex terms. The smallest 25 per cent of the listed firms (in terms of revenue) reported only 3.1