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MoSPI Survey Shows Private Capex Plans Drop 16% for FY27

Large firms signal weaker investment intentions, reflecting reliance on internal cash rather than external funding.

Overview

  • India’s latest MoSPI survey finds large private companies plan Rs 9.55 lakh crore of capital spending in FY27, about 16% less than FY26.
  • The survey compiled 5,366 enterprise responses, with 4,203 firms submitting investment plans for the next financial year.
  • A manufacturing pool of 1,428 companies projects an 8% cut in FY27 capex to Rs 2.73 lakh crore.
  • MoSPI warns the results cover only large enterprises and says stated plans may change as final approvals move forward.
  • Companies funded FY26 capex mostly from internal cash at 65%, and MoSPI reports a 96% realization of FY25 investment intentions.