September 20, 2019

Factory investment at 3-year low of Rs 3.31 lakh cr in 2017-18: Survey

Factory investment in 2017-18 hit a three-year low of Rs 3.31 lakh crore in actual terms, according to the annual survey of industries by the Statistics and Programme Implementation Ministry. Factory investment measured in terms of gross fixed capital formation (GFCF) was Rs 3.79 lakh crore and Rs 3.69 lakh crore in 2015-16 and 2016-17, respectively, provisional estimates of the survey for 2017-18 showed.

The previous low of GFCF in actual terms was recorded at Rs 3.23 lakh crore in 2014-15.

The Gross Fixed Capital Formation is a barometer of investment in any sector or segment.

Read more at https://www.financialexpress.com/economy/factory-investment-at-3-year-low-of-rs-3-31-lakh-cr-in-2017-18-survey/1711532/

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