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Capital expenditure in industrial sectors is expected to rise 45-55 per cent in financial year 2021-22 as the economy gains from a government s scheme to boost productivity, said a report by Crisil Research on Tuesday. The India Outlook Report expects gross domestic product (GDP) growth to be at 11 per cent in fiscal 2022, after an estimated 8 per cent contraction this fiscal. The next fiscal, like the current, will have a low base “optical” growth in the first half and a rebound in the second. The capex rise in pharmaceuticals, chemicals, textiles, cement, auto and ancillary, metals and oil and gas will come on the back of a 35 per cent contraction in capex in the current fiscal. It will be driven by core sectors and the government’s productivity linked incentive (PLI) scheme. Led by the oil and gas, that accounted for 30-32 per cent, close to 16000 manufacturing companies spent Rs3-3.5 trillion on capex annually over the past three years.

Hong kongCrisil research onCrisil researchIndia outlook reportPli schemeCrisil reportIndia gdpManufacturing sectorAuto components industryAviation schemePharma sectorHospitality industryஹாங் காங்மிருதுவான ஆராய்ச்சி ஆன்மிருதுவான ஆராய்ச்சிஇந்தியா ஔட்‌லுக் அறிக்கை