Private Sector Capex Investment Rose Up To 150% In 2021-22: Goldman Sachs
NDTV
Capital expenditure (capex) investments announced by the private sector witnessed a 145 to 150 per cent increase in 2021-22
Capital expenditure (capex) investments announced by the private sector witnessed a 145 to 150 per cent increase in 2021-22, compared to the corresponding fiscal as manufacturing was the key driving factor for both capex and orders during the year.
According to industrial data released by investment banking firm Goldman Sachs, manufacturing sector saw a huge jump of 210 per cent to 460 per cent in 2021-22, compared to 2020-21.
Though this increase was mainly aided by big project announcements (especially in the steel sector), the number of projects announced also increased by 80 per cent to 140 per cent in 2021-22 compared to corresponding fiscal.
Sectors like petrochemicals, steel, cement and automobiles as well as new-age sectors like electronics, e-vehicles and data centres, contributed to the growth of manufacturing sector, the investment banking company noted.
