Private Capex

Pvt capex sluggish as cheap Chinese imports dent demands: Economist Chinoy

Economist Sajjid Chinoy has pitched for a relook into the government's curb on foreign direct investments from China, arguing that allowing Chinese investments in the country will be more advantageous than slapping tariffs on imports from the northern neighbour. Chinoy, the chief India economist at J P Morgan, who is also a part-time member in the Economic Advisory Council to the Prime Minister (EAC-PM), said that the private capital expenditure is down due to the lack of demand visibility amid the flood of cheaper Chinese imports. Chinese exports into the US were a free flowing river, but the 32 per cent tariff slapped by the Donald Trump administration is acting like a wall, leading to the same goods being spilled out into other emerging markets like India, he said. Speaking at an event organised by the Asia Society on Monday, Chinoy said the flood of Chinese goods at cheaper prices is creating challenges for emerging markets looking to increase their exports. "I would argue Indi

GST boost fuelling growth; private capex showing spark: HDFC Bank

NIMs could improve going forward for the bank as borrowings are replaced by deposits and deposits get repriced downwards

Mind the gap: GDP growth vs corporate results reveal real lack of demand

India's strong GDP growth masks a deeper disconnect: muted revenues, weak private capex, and demand constraints that leave corporate performance trailing headline numbers

Best of BS Opinion: Government must continue with trimming its QCO list

Today's Best of BS Opinion looks at Bihar's fiscal test after NDA win, pushback against QCOs, Trump's tariff stance and India's options, India Inc earnings vs GDP, and a biography of Francis Crick

SBI's Setty discusses technology spending, talent retention and RBI reforms

Setty welcomed the 22 reforms announced by the Reserve Bank of India during its October Monetary Policy Committee meeting, calling them a 'vote of confidence'

Private sector capex led the way in H1FY26 with manufacturing boost

Private investment projects constitute well over 70 per cent of the nearly ₹34 trillion of fresh investments announced in H1 this year

Private capex remains tepid for lack of wage growth that could boost demand

Overall, government capex averaged 4.1 per cent of gross domestic product (GDP) over FY22-25, up from 2.8 per cent in the pre-pandemic days

India's 8% growth goal at risk as private capex lags: YES Securities

YES Securities warns India's growth relies too heavily on government spending as private capital expenditure falters despite record corporate cash holdings of ₹10.35 trillion

Indian CEOs cautious about private investment revival, says BS poll

When asked about the sectors that will drive performance in the coming quarters, the consensus leaned heavily toward domestic industries

Private capex likely to rise 21.5% to ₹2.67 trn in FY26: RBI article

Capital investment by the private sector is likely to rise 21.5 per cent to Rs 2.67 lakh crore in 2025-26 aided by robust macroeconomic fundamentals, and a 100-bps policy rate cut, according to an RBI article. Despite global uncertainties, Indian firms entered the 2025-26 fiscal year with healthier balance sheets, higher cash buffer, improved profitability, and greater access to diversified funding sources, said the article 'Private Corporate Investment: Growth in 2024-25 and Outlook for 2025-26' published in the Reserve Bank of India's (RBI's) August bulletin. The continued policy push for infrastructure, sustained disinflation, combined with lower interest rates, easy liquidity conditions, and rising capacity utilisation, is fostering an environment conducive to private investment, it said. Drawing on data related to the phasing of capital expenditure (capex) plans announced by private corporates, the article assesses their investment intentions and provides insights into the ...

Manufacturing dominated new projects in Q1, share at 10-quarter high

The government has been driving much of the capital expenditure (capex) in recent years through its announced investments in roads, railways, and other infrastructure projects

Private capital expenditure announcements fall 81% in Q1 FY25: CMIE

Private capex fell sharply in April-June 2025 to Rs 4.1 trillion from Rs 21.7 trillion in the previous quarter, with stalling and uncertainty affecting investment flow

Backed by private capital, India's nuclear energy set for transformation

India's nuclear journey is all set to enter its most transformative phase - that too by inviting private capital to participate in scaling up nuclear power to 100 Gw by 2047

At ₹11 trn, India Inc capex pips govt capex in FY25; will the trend last?

India Inc capex: While Reliance Industries saw a flattish capex growth in FY25, it cornered the biggest share in the capex pie in absolute terms

Investors find their way back to retail and consumer checkout aisle

Valuations normalise, dealmaking surges and investors return to India's consumer sector, with record Q1 activity driven by aspirational demand and demographic tailwinds

Private capex share in economy dipped to decadal low of 33% in FY24: Icra

Domestic rating agency ICRA on Monday said private capital expenditure's share in the overall investments in the economy dipped to a decadal low of 33 per cent in FY24. Among the private companies, it was the unlisted players which were subdued in investments as compared to the listed entities, as per a report. It can be noted that for the last few years, the government has been driving investments, leading to concerns in some quarters over the private sector's absence and its impact on the overall economic activity. The private sector has instead focused on deploying excess cash at reducing loan burdens rather than investing in new facilities, choosing to run at high capacity utilisation. "Weak domestic consumption, especially urban, muted export demand, and the influx of cheap Chinese imports in some sectors, among other factors, restricted the capacity expansion plans of Indian corporates," the agency's chief rating officer K Ravichandran said. Illustrating the importance of ..

Private capex unlikely to pick up despite high profitability: Crisil

Private sector capital expenditure is unlikely to pick up in a sustained way despite India Inc's profitability being near decadal high, domestic ratings agency Crisil said on Thursday. The profitability of India Inc is set to increase for the third year in a row in FY26 on the back of soft commodity prices, the agency said. An analysis of 800 companies excluding ones in the banking and finance and oil and gas sectors revealed that the pre-tax profit margins are set to widen to up to 20 per cent in FY26. It can be noted that the government is leading the investments in the economy for the last few years, and there have been calls for a revival in the corporate capex as well. However, rather than investing to create new capacities, India Inc has deployed money to retire debt and other measures rather than investing it even though the capacity utilisation levels are high. "Their (corporates') ability to invest is not matched by the willingness to invest at this juncture," the agency'

Fiscal, monetary measures to boost consumption, pvt investment, says FM

Finance Minister Nirmala Sitharaman on Saturday said fiscal and monetary measures announced recently will help boost consumption and promote private investment. The Budget presented by the Finance Minister on February 1 proposed a slew of measures including significant income tax cuts for the middle class. Individuals earning up to Rs 12.75 lakh in a year will not have to pay any taxes, benefiting 1 crore taxpayers. On the monetary side, the Reserve Bank on Friday slashed the policy rate by 25 basis points, the first rate cut in five years to support growth. "After the Budget, the few inputs I've had from some business leaders is that the orders for fast-moving consumer goods for April-June are already getting booked, and the industry is clearly seeing signs of a possible recovery of consumption," she said at a media interaction after addressing the Board of the RBI in the customary post-budget meeting. As a result, she said, many of them are looking at reviewing their capacity ...

Best of BS Opinion: A lighter touch makes things easier all around

From the sight of chained and cuffed Indians to electoral campaign, to the regulatory space, our articles today argue that a light touch, firmly enforced, can go a long way

India's consumption slowdown: A temporary dip or deeper concern?

Stagnating wages, derivative losses, and rising debt burdens-India's consumption story grapples with multiple challenges