Loading...

Top
Help
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
    Rupee settles on flat note, 3 paise higher at 95.71 against US dollar
    VinFast India Partners with Federal Bank to Strengthen Dealer Financing Ecosystem
    Sugar prices soar to Rs 70 per kg ahead of festive season in Bengal, jaggery also dearer
    Rupee gains 9 paise to 95.65 against US dollar in early trade
    Union Minister of State for Finance Shri Pankaj Chaudhary participated virtually in 21st Award Ceremony of Security Printing and Minting Corporation o...
    Over 745 gram gold paste seized at IGI; Customs nab carrier, receiver
    Quebec remains cautious on Canada-US trade deal as Ottawa pushes to restore US alcohol
    No cases of foreigners getting Aadhaar, other govt benefits reported during SIR in K'taka: Minister
    Govt allows free imports of 10 lakh tn raw sugar until Oct 31; caps sugar stock for bulk consumers
    Govt allows free imports of 10 lakh tn raw sugar until Oct 31
    DFS Organises Workshop to Strengthen Implementation of Reservation Policy Across Public Financial Institutions
    DPIIT Signs MoUs with PhonePe and Shell India to Strengthen Startup Ecosystem and Drive Innovation
    Union Minister of Commerce and Industry Shri Piyush Goyal Strengthens India-Singapore Economic Partnership through High-Level Bilateral and Business E...
    A Vision for Responsible AI, Resilient Banking - Keynote Address [Contributions by RBI colleagues Ms. Chandni Trehan Saluja and Ms. Kavita Gangwal, De...
    Razorpay Launches Multi-Currency Account, Helping Exporters Retain International Earnings in Foreign Currencies
    DB HiTek to Make Debut at electronica India 2026, Targeting Growth in Indian Market
    BJP demands Vijayan’s resignation from Keralam LoP post over ED findings in CMRL case
    Pakistan seeks USD 10 bn US facility to bolster forex stability
    DRI busts a wildlife trafficking syndicate involved in illicit trade of ivory artefacts
    Japan reports record exports, imports for July as energy costs climb
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

News
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
August 21, 2026
Show AI Summary
Indian rupee export invoicing rules now permit overseas contracts and invoices in rupees or foreign currency for eligible destinations.
Foreign Trade Policy provisions were amended to facilitate invoicing of overseas exports and receipt of export payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency, replacing the earlier general requirement that export earnings be received in a freely convertible currency. The applicable requirements vary according to the destination country.
August 21, 2026
Show AI Summary
Dealer inventory financing supports working-capital flexibility, vehicle inventory management and electric-vehicle network expansion for authorised dealers.
Dealer inventory financing is to be provided by Federal Bank to VinFast India's authorised dealer network under a memorandum of understanding. The tailored financing is intended to improve dealers' working-capital flexibility, support maintenance of vehicle inventory, strengthen operational capability, and enable timely response to demand as the electric-vehicle distribution network expands.
August 21, 2026
Show AI Summary
Sugar supply pressures drive festive-season price increases as imports, stockholding limits and ethanol diversion shape market conditions.
Sugar prices in Bengal have risen sharply ahead of the festive season, with higher prices also affecting jaggery and other sugar-derived products. Supply constraints, mill stock releases, lower production in Brazil, ethanol diversion and possible hoarding have been identified as contributing factors. Raw-sugar imports have been permitted to augment availability, while stockholding restrictions limit inventories of specified bulk consumers. Lower projected closing stocks and possible future production effects from El Nino may sustain pressure on sugar availability and increase costs for sweetmeat producers.
August 21, 2026
Show AI Summary
Foreign currency inflows and FCNR(B) deposits supported rupee sentiment, while oil prices and geopolitical risks constrained currency strength.
The rupee strengthened marginally against the US dollar as the dollar index softened, but elevated crude oil prices, geopolitical uncertainty, reduced foreign participation and net foreign equity outflows constrained currency sentiment. RBI measures to attract foreign currency inflows, including FCNR(B) deposits, were expected to generate substantial inflows, although these had not produced meaningful rupee strength. Energy-market disruption and restrictions on fuel exports through the Strait of Hormuz added to external-sector pressures.
August 21, 2026
Show AI Summary
Sovereign security production priorities emphasise compliance, modernisation, employee innovation and operational excellence across currency, passport and coinage manufacturing.
SPMCIL performs a sovereign production mandate covering secure currency, coinage, passports and other products of national importance through its mints, currency presses, security presses and paper mill. Modernisation, compliance, transparency, efficiency, productivity, quality and corporate governance support the fulfilment of sovereign requirements. Individual employees and units were recognised for performance in productivity, environment and safety, energy conservation, knowledge and development, vigilance, and official-language implementation.
August 20, 2026
Show AI Summary
Customs enforcement against suspected gold smuggling leads to baggage seizure and apprehension of the alleged intended receiver.
Customs officers intercepted an arriving passenger at the green channel on intelligence inputs and examined baggage after X-ray screening indicated suspicious images. The examination recovered two oval capsules containing gold paste concealed in the baggage. Interrogation indicated that an alleged receiver was waiting outside the airport to collect the suspected smuggled gold. Customs officers apprehended the alleged receiver, and further investigation remains underway.
August 20, 2026
Show AI Summary
Provincial alcohol sales restrictions remain subject to economic impact assessment under proposed bilateral trade agreement negotiations.
Provincial control over alcohol distribution remains distinct from federal trade-making authority. Quebec retains authority over whether United States alcohol is offered through its government-controlled liquor distribution system, despite lacking a veto over a bilateral trade agreement. Federal requests to restore United States alcohol to retail shelves cannot compel provincial action. Proposed trade commitments also concern restrictions on United States agricultural products and Canada's dairy import regime, which applies lower tariffs within designated import volumes and higher duties beyond those volumes.
August 20, 2026
Show AI Summary
Electoral-roll verification found no reported cases of specified foreign nationals receiving identity-linked benefits or voter registration.
Electoral-roll special intensive revision recorded no reported cases of Pakistani, Bangladeshi or Iranian nationals obtaining Aadhaar cards, ration cards, other government benefits, or voter registration. Illegal immigrants are identified through police monitoring, intelligence measures, specialised operations and a Special Task Force. Overstayers are recorded through the District Police Module and Foreigners Identification Portal and produced before Foreigners Regional Registration Officer authorities. Persons found to be residing illegally are reported to the concerned central divisions, proceeded against through registered cases, retained pending case disposal and exit permits, and subjected to deportation steps.
August 20, 2026
Show AI Summary
Raw sugar tariff-rate quota permits duty-free imports while bulk consumers face consumption-based sugar stockholding limits.
Raw sugar imports are permitted duty-free under a tariff rate quota until 31 October 2026, with online allocation to eligible millers and refiners having functional refining capacity. Applicants must provide a refining-capacity declaration and supporting Consent to Operate; preference applies to importers undertaking timely completion of imports, while non-utilisation or failure to surrender allocations constitutes non-compliance. Bulk sugar consumers meeting the prescribed consumption threshold are subject to a stock cap of 15 days' consumption from 1 September to 30 November 2026.
August 20, 2026
Show AI Summary
Duty-free raw sugar imports under tariff rate quota seek to improve domestic supply and contain rising sugar prices.
Duty-free import of 10 lakh metric tonnes of raw sugar is permitted under a tariff rate quota until 31 October 2026. The import-policy measure seeks to increase domestic raw-sugar availability and restrain rising local prices amid reduced opening stocks. Price-containment measures also include a stockholding limit for bulk consumers using more than 10 tonnes of sugar monthly, restricting holdings to 15 days' consumption.
August 20, 2026
Show AI Summary
Reservation policy implementation is strengthened through capacity building, uniform institutional practices, welfare measures, and improved financial accessibility for Divyangjans.
Reservation policy implementation across Public Sector Banks, Public Sector Insurance Companies, sectoral regulators and Public Financial Institutions is being strengthened through a capacity-building workshop. The programme seeks uniform and effective application of Government reservation policies and related welfare measures. Senior human-resource functionaries and Chief Liaison Officers considered practical implementation issues, actionable measures for consistency, and operational concerns. It also focuses on improving accessibility of financial services for Divyangjans.
August 20, 2026
Show AI Summary
Startup ecosystem support expands through digital infrastructure, mentorship, market linkages and specialised assistance for energy and climate-tech innovation.
DPIIT's collaborations with PhonePe and Shell India create support mechanisms for DPIIT-recognised startups through technology access, digital infrastructure, mentorship, market opportunities and industry networks. PhonePe will provide transaction credits, access to the Indus AppStore, onboarding support, brand visibility, and training on fintech, sales, go-to-market strategy and business scaling. Shell India will assist energy and climate-tech startups through mentorship, strategic guidance, investor and incubator connections, participation opportunities, and knowledge-sharing materials on innovation and best practices.
August 20, 2026
Show AI Summary
India-Singapore economic cooperation advances through trade, investment, technology and business linkages, including agriculture, fintech and sustainable infrastructure collaboration.
India-Singapore economic cooperation was advanced through ministerial, business and government-to-business engagements focused on deepening bilateral trade, investment, technology and commercial linkages. Discussions addressed agri-exports, GCC-based commercial parks, fintech and sustainable infrastructure, alongside expanding agricultural market linkages. The engagements reinforced commitment to strengthening trade, investment, technology and business-to-business cooperation.
August 20, 2026
Show AI Summary
Responsible AI banking requires human oversight, explainable customer decisions, fair conduct, resilient systems and inclusive credit access.
Responsible AI in banking must promote inclusion, resilience and customer trust while preserving human judgement, governance accountability and clear responsibility. AI and alternative data may widen access to credit where data is obtained with consent, tested for reliability and bias, and used prudently. Banks must maintain capacity to challenge models, oversee providers, test systems under adverse conditions and intervene when automation fails. Material customer decisions must be explainable, clearly communicated and subject to review by an authorised person. Fair conduct, meaningful disclosure, impartial complaint review and transparent communication remain essential throughout the customer relationship.
August 20, 2026
Show AI Summary
Multi-Currency EEFC settlements let exporters retain foreign earnings and choose conversion timing for overseas payment obligations.
Multi-Currency EEFC Account settlements enable exporters and international businesses to receive payment settlements directly into Exchange Earners' Foreign Currency accounts in the original transaction currency without immediate conversion into Indian rupees. Retention of foreign currency earnings permits businesses to choose when conversion is required, reducing repeated foreign-exchange conversion cycles and supporting management of foreign-currency cash flows and overseas obligations.
August 20, 2026
Show AI Summary
Power semiconductor foundry expansion targets Indian fabless customers through technology showcasing, process development, and collaboration in the growing semiconductor market.
DB HiTek seeks to expand foundry business with Indian fabless semiconductor companies by showcasing power semiconductor and specialised process technologies. Its commercial focus includes BCD processes for automotive and industrial applications, together with silicon-carbide and gallium-nitride process development and planned volume production. Product-performance evaluations are underway with strategic customers. Customer expansion also covers X-ray, global-shutter, single-photon avalanche diode, specialty CIS, and mixed-signal/RF processes, supported by collaboration with local fabless firms.
August 20, 2026
Show AI Summary
Money-laundering allegations over payments without services raise concerns about overseas transfers, identity-linked communications, and mineral smuggling.
Money-laundering allegations concern claimed payments by Cochin Minerals and Rutile Ltd. to Exalogic Solutions Pvt. Ltd., a company promoted by Veena T., without corresponding services. Searches reportedly yielded handwritten material referring to fund transfers to Dubai and digital material relating to a SIM card obtained in another person's name. Further allegations included overseas fund movement, hawala transfers, and possible thorium or monazite smuggling, all presented as allegations requiring examination.
August 20, 2026
Show AI Summary
Exchange stabilisation support aims to strengthen foreign-exchange resilience, reduce rollover dependence and restore access to longer-term market financing.
Pakistan has sought a proposed Exchange Stabilisation Support Facility to reinforce foreign-exchange stability and signal currency resilience to international capital markets. The strategy seeks to reduce reliance on short-term bilateral loans, deposits and rollovers by moving towards market-based financing with longer repayment periods. Improving sovereign creditworthiness through engagement with credit-rating agencies is intended to facilitate international market access, lower borrowing costs and enable longer-maturity debt raising.
August 20, 2026
Show AI Summary
Elephant ivory trade prohibition supports enforcement against wildlife trafficking, seizure of carved ivory articles, and further investigation.
Illicit trade in elephant ivory and articles manufactured from it is prohibited under the Wildlife (Protection) Act, 1972, supporting India's CITES obligations. Enforcement action against a wildlife-trafficking syndicate resulted in the interception of four persons and seizure of 54 carved ivory artefacts. The seized articles and apprehended persons were transferred to the State Forest Department for further investigation. The action forms part of continuing measures against unlawful trade in wildlife derivatives and biodiversity threats.
August 20, 2026
Show AI Summary
Trade deficit pressures persist as energy-import costs and currency weakness offset record automobile and electronics export growth.
Japan recorded its highest July import and export values since comparable statistics began, but continued to experience a trade deficit as rising energy costs increased import expenditure. Higher crude oil prices and disruption to Middle East supply routes affected an economy reliant on imported oil, while a weak yen raised the cost of fuel, food and raw materials. Strong automobile, semiconductor and electronics exports benefited from currency weakness, which also increased the yen value of overseas earnings.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Back

All News

Showing Results for : Reset Filters

Findings of the Forward-Looking Survey on Private Sector CAPEX Investment Intentions (Survey period: November 2024 to January 2025)

April 30, 2025

Contents
Summary
Note

Note

-

Bookmark

Print

Print

Private Corporate Sector CAPEX: Three-Year Trends and Future Outlook:

Key findings:

  • The average Gross Fixed Assets per enterprise in the private corporate sector increased from ₹3,151.9 crore in 2021–22 to ₹3,279.4 crore in 2022–23 (4% growth), and further to ₹4,183.3 crore in 2023–24, reflecting a significant 27.5% growth.
  • The estimated CAPEX per enterprise for the years 2021–22, 2022–23, and 2023–24 was ₹109.2 crore, ₹148.8 crore and ₹107.6 crore respectively.
  • The estimated provisional capital expenditure per enterprise for purchasing new assets in 2024–25 is ₹172.2 crore.
  • Overall increase of 66.3% in aggregate CAPEX (unweighted) over the four-year period from 2021-22 to 2024-25.
  • The strategy of 40.3% of enterprises is to undertake CAPEX on core assets during 2024–25, followed by 28.4% to invest in value addition to existing assets

Survey Background:

In 2022–23, the Parliamentary Standing Committee recommended that the Ministry of Statistics and Programme Implementation (MoSPI) develop a comprehensive methodology to capture capital expenditure (CAPEX) data from the private sector. Survey instruments designed to capture data on past investments, projected CAPEX for the next two years, and the breakdown of investments by asset type were developed in alignment with the specifications of the Department of Economic Affairs (DEA), Ministry of Finance.

Responding to this recommendation, the National Statistical Office (NSO) conducted the inaugural Forward-Looking Survey on Private Sector CAPEX Investment Intentions between November 2024 and January 2025. This marked the first initiative of MoSPI to engage the corporate sector through a self-administered, web-based survey platform, supported by chatbot assistance, to collect structured CAPEX data. MoSPI has released the findings of the survey in the form of a comprehensive booklet. A brief overview of key aspects, such as survey coverage, sampling methodology, and data collection process, is included in the Endnote.

The primary objective of the CAPEX survey is to estimate the CAPEX trends of private corporate sector enterprises from the past three financial years (2021-22, 2022-23 & 2023-24) along with anticipated capital expenditure for the current year (2024-25) and upcoming financial years (2025-26).

Key advantages of the Survey:

Capital expenditure (CAPEX) plays a crucial role in contributing to national investment and enhancing the stock of physical assets within the economy. It leads to the creation of long-term assets, which not only generate revenue for many years but also improve the overall operational efficiency of economic activities. CAPEX is fundamental to expanding production capacity, thereby serving as a catalyst for accelerated economic growth. This growth, in turn, supports job creation and enhances labour productivity.

Comprehensive data on CAPEX will be a valuable asset for a wide range of stakeholders, including government departments, private enterprises, trade associations, researchers, and other relevant entities. It will enable evidence-based policy formulation through the analysis of trends in future investments. Furthermore, a clear understanding of CAPEX patterns and scale can assist enterprises in making strategic, data-driven investment decisions, guided by the insights derived from survey findings.

Important Caveat:

In this inaugural edition of the survey, industry participation varied, with an overall response rate of 58.3% (58.6% in the census sector and 57.2% in the sample sector). Respondents appeared cautious in disclosing CAPEX plans, often pending management approvals. Certain entities, such as Special Purpose Vehicles (SPVs) involved in infrastructure projects, were excluded from the survey frame as they report no turnover despite high CAPEX. Meanwhile, some included SPVs had no future investment plans due to project completion. As this is the first round of the survey, the findings may be seen as indicative and subject to refinement in future iterations. It is also important to note that the results reflect responses from larger enterprises above specified turnover thresholds and may not represent the entire private corporate sector. Users are advised to interpret the results keeping these limitations in mind.

Insights and Way Forward for Future Survey Conduct

The Forward-Looking Survey on Private Sector Capex Investment Intentions, the first of its kind by the NSO, was conducted under the Collection of Statistics Act, 2008. Notices were issued to selected enterprises, explaining the survey's objectives and assuring confidentiality. However, some enterprises questioned the legitimacy of notices containing portal credentials, leading to multiple cyber risk concerns. Explaining portal usage and submission procedures over the phone was challenging. Data analysis revealed issues such as incorrect unit entries (e.g., Rupees instead of Rupees thousands) and non-responses to follow-up queries. Enterprises also faced difficulties in selecting correct NIC codes and estimating future investments when official data was unavailable.

CAPEX tends to rise when enterprises pursue growth strategies rather than maintain current operations. Despite challenges like weak demand, geopolitical tensions, and high borrowing costs, about 30% of firms plan to invest in upgradation in 2024–25, supporting the sharp increase in CAPEX for that year. The slightly lower intended CAPEX for 2025–26, though still above 2023–24 levels, reflects cautious planning after a strong 2024–25. Overall, the trend indicates growing corporate confidence and a judicious approach to investment amid improving economic certainty.

While the response rate and results were generally promising, this initial round of the survey can be considered as an experimental phase, providing valuable insights to refine the questionnaire, methodology, estimation processes, and overall implementation. The lessons learned will guide improvements for future surveys, with necessary adjustments to various aspects of the survey process. Moving forward, responding enterprises will be engaged more proactively before the survey, with concerns about the authenticity of the online survey being addressed, assistance provided in understanding the questionnaire, confidentiality of individual responses ensured, and field personnel deployed to support enterprises in overcoming technical and conceptual challenges in completing future-oriented surveys. Additionally, the survey will incorporate qualitative inputs, such as reasons for year-on-year changes in investment, to gain deeper insights into enterprise-level CAPEX intentions and trends. The next round of the CAPEX survey is expected to be conducted during October to December 2025.

Key highlights from the CAPEX results:

Aggregated (Unweighted, i.e. without applying any multiplier) CAPEX during (2021-22 to 2025-26)

A total of 2,172 enterprises submitted complete information for all five years of the reference period, forming a fixed panel. The aggregated (unweighted) CAPEX data from this panel of enterprises serves as a reliable basis for analyzing capital expenditure trends over the five-year period, as presented below. The results show an overall increase of 66.3% in aggregate CAPEX (unweighted) over the four-year period from 2021-22 to 2024-25.:

                (in ₹ Crore)

Actual CAPEX in 2021-22

Actual CAPEX

2022-23

Actual CAPEX

2023-24

Intended CAPEX in

2024-25

Intended CAPEX

in 2025-26

394,681.5

572,199.7

422,183.3

656,492.7

488,865.5

Out of the 3,064 responding enterprises, 2,172 reported their Capex intentions for 2025–26. The data indicates a cautious approach by respondents in declaring their capital expenditure plans. Therefore, the Capex data for 2025–26 should be interpreted with caution, considering the conservative approach and apprehension shown by the responding enterprises in reporting these figures. However, the results show an overall increase of 23.9% in aggregate CAPEX (unweighted) during 2021-22 to 2025-26 for this fixed panel of 2,172 enterprises.

Estimated Key Indicators for past years (2021-22 to 2023-24) by Industry of Activity as per National Industry of Classification (Activity Categories)

The average Gross Fixed Asset (GFA) per enterprise in the private corporate sector was estimated at ₹3,151.9 crore in 2021–22. It increased by 4.0% to ₹3,279.4 crores in 2022–23, and further grew by 27.5% to reach ₹4,183.3 crore in 2023–24.

The highest GFA per enterprise, exceeding ₹14,000 crore, was observed in the industry category ‘Electricity, Gas, Steam, and Air Conditioning Supply’, followed by ‘Manufacturing” enterprises (₹7,000 crore to ₹10,000 crore). Enterprises principally engaged in manufacturing activities accounted for more than 65% of the total Gross fixed asset[1] in private corporate sector over the past three years from 2021-22 to 2023-24 followed by enterprises engaged in ‘Electricity, Gas, Steam, and Air Conditioning Supply’ (8%-10%).

In 2021–22, the estimated actual CAPEX per enterprise was ₹109.3 crore, compared to the proposed value of ₹102.7 crore, resulting in a realisation ratio of 106.41 %. A similar trend was observed in 2022–23, where the estimated value of actual CAPEX per enterprise reached ₹148.8 crore against a proposed value of ₹133.3 crore, also yielding a realisation ratio exceeding 100%. For 2023–24, the realisation ratio stands at 99.7%, with the estimated actual CAPEX per enterprise at ₹107.6 and the proposed CAPEX at ₹107.9.

The estimated provisional capital expenditure per enterprise for acquiring new assets in 2024–25 stands at ₹172.2 crore. Among the sectors, manufacturing enterprises account for the largest share at 43.8%, followed by those in ‘Information and Communication Activities’ (15.6%) and ‘Transportation and Storage Activities’ (14.0%).

Estimated Key Indicators for 2023-24 by Asset Groups

The estimated provisional capital expenditure per enterprise for acquiring new assets in 2024–25 stands at ₹172.2 crore. Out of the total capital expenditure provisionally incurred in the year 2024-25, nearly 53.1% were utilized for purchasing machinery & equipment. The amount allocated for ‘capital work in progress’ (22.0%) and purchasing ‘dwellings, other buildings and structures’ (9.7%) had the next highest share of allocation.

Strategy of CAPEX in 2024-25

According to survey estimates, nearly 40.3% of enterprises plan to undertake CAPEX on core assets during 2024–25. Additionally, 28.4% intend to invest in value addition to existing assets, while around 11.5% focus on opportunistic assets, and 2.7% on debt strategies. The strategy of investing in distressed assets and non-performing loans was adopted by less than one-half of a percent of enterprises. Meanwhile, about 16.9% allocated their CAPEX towards other diverse investment strategies.

Objectives of CAPEX in 2024-25

The survey estimates indicate that nearly 49.6% of private corporate sector enterprises undertook CAPEX in 2024–25 primarily for income generation. An additional 30.1% directed their investments toward upgradation, while around 2.8% focused on diversification. Remaining 17.5% of enterprises reported using their CAPEX for other reasons.

The results of CAPEX survey are provided in the booklet which is available in the website of the Ministry (https://www.mospi.gov.in). To protect the confidentiality of CAPEX investment plans of individual enterprises, the Steering Committee of NSS Surveys recommended that unit-level data of CAPEX survey would not be disseminated.

Endnote: A brief about the coverage, sampling scheme, sample size and data collection mechanism in the Forward-Looking Survey on Private Sector CAPEX Investment Intentions:

A. Coverage:

The survey covered large private corporate sector enterprises that play a significant role in their respective sectors. The sampling frame was madeusing data from active enterprises registered with the Ministry of Corporate Affairs (MCA), filtered based on annual turnover thresholds achieved in at least one of the last three financial years. The eligibility criteria were as follows:

  • Manufacturing enterprises with an annual turnover of ₹400 crore or more
  • Trade enterprises with an annual turnover of ₹300 crore or more
  • Other enterprises with an annual turnover of ₹100 crore or more

Based on these criteria, the final survey frame consisted of 16,025 enterprises.

B. Sampling Scheme:

Eligible enterprises were initially categorized into seventeen (17) strata based on their Principal Business Activity as reported in the MGT-7 Form of the Ministry of Corporate Affairs (MCA). In strata with 100 or fewer enterprises, all units were included in the Census Sector for complete enumeration.

For strata with more than 100 enterprises, the selection process involved identifying Census Sector Enterprises and Sample Sector Enterprises. To determine the Census Sector, enterprises were ranked in descending order based on (i) the highest fixed asset value in the past three years and (ii) the fixed asset value of latest reported year. The top enterprises accounting for 90% of asset value (or 80% for Construction and Trade) from either list were classified as Census Sector Enterprises. The remaining units formed the Sample Sector, from which 10% were randomly selected using Simple Random Sampling without Replacement (SRSWOR), with allocation proportional to each stratum’s size and variation.

C. Sample Size:

The sample size for the survey was of 5,380 enterprises: 4,145 enterprises in the Census Sector and 1,235 enterprises in sample sector.

DData Collection Mechanism:

The survey was conducted under the provisions of the Collection of Statistics Act, 2008, with prior notices sent to all selected enterprises outlining the survey’s objective and intended use of the data. Confidentiality of individual responses was strictly maintained, and no unit-level data would be disseminated. A secure, dedicated web portal was developed to enable selected enterprises to complete and submit the survey questionnaire online. The portal included background information on the survey, reasons for a unit’s selection, and chatbot support to assist respondents in understanding key concepts and definitions.

Topics

Acts Income Tax