India Inc’s capital spending slows despite rising net profit
The dramatic increase in corporate profits in fiscal years 2021-22 (FY21) and FY22 did not lead to a corresponding explosion in capital expenditure (capex), with listed companies’ investment in fixed assets only increasing by 2. 3% year-over-year (YoY) in FY22, growing at the slowest pace in six years.
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First published: Wednesday, June 15, 2022. 06:03 IST