Although new tasks introduced by non-financial firms recovered to Rs 14.3 trillion in FY22 from Rs 8.4 trillion, the general quantity dedicated remains to be decrease than the height of Rs 26.7 trillion in FY09, as additionally the Rs 23.7 trillion in FY16.

Information Drive: Capex restoration nonetheless sluggish 3

Whereas the share of producing within the new tasks introduced has grown to 43.5% in FY22 from 38.3% in FY21, that of the providers sector has fallen to 19.9% from 31.1%, indicating that the pandemic has hit the sector laborious.

The general public sector’s share in new tasks fell sharply to 29% in FY22 from 45% from FY21 and greater than half from the height seen in FY14, a Financial institution of Baroda evaluation reveals.

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