Corporate Investment in 1978: A Forecast

C Rangarajan

IIMA Working Papers from Indian Institute of Management Ahmedabad, Research and Publication Department

Abstract: Investment in the private corporate sector, including the joint sector, has shown a substantial rise in 1977 as compared with 1976. However, this substantial rise has been contributed largely by the projects in the joint sector. Corporate investment in 1978 is likely to rise above the 1977 level by 5 to 8 per cent. The study entailed an analysis of the projects sanctioned by the all-India term lending institutions to the private corporate sector including the joint sector. Capital expenditure on all the projects sanctioned by these institutions will amount to Rs. 955 crores in 1977 compared with Rs. 702 crores in 1976. This steep increase in investment is largely accounted for by the 18 new joint sector projects initiated in 1977 which will alone incur capital expenditures of Rs. 102 crores. As of new, based on the projects sanctioned until the end of 1977, the capital expenditures in 1978 will be Rs. 735 crores. If we add to this the likely expenditures to be incurred on projects to be sanctioned in 1978, the total capital expenditures in the corporate sector in 1978 should rise above the 1977 level by 5 to 8 per cent.

Date: 1978-03-01
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