New Delhi: About 30% of firms plan to invest in upgradation in 2024-25, supporting the robust increase in capital spending for the year despite challenges such as weak demand, geopolitical tensions, and high borrowing costs, the first survey of private sector capex by the statistics ministry showed on Tuesday.
The slightly lower intended capex for 2025-26 at Rs 4.9 lakh crore, though still above 2023-24 levels of Rs 4.2 lakh crore, reflects cautious planning after a strong 2024-25 when the intended capital expenditure was estimated at Rs 6.6 lakh crore.