Corporate Investment in 1977: A Forecast

C Rangarajan

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

Abstract: There has been a substantial pick up in private corporate investment in 1976 as compared to 1975. Corporate investment in 1977 would be higher than that reached in 1976. It is likely to reach in nominal terms the level attained in 1974, which is the best year so far. However, in real terms the 1974 peak will not be reached. This study entailed an analysis of all the projects sanctioned by the all-India term lending institutions. Capital expenditures incurred on all projects sanctioned by these institutions amounted to Rs. 530 crores in 1975. But during 1976 these expenditures are likely to be Rs. 637 crores, thus indicating a pick up in corporate investment. Since as of now the capital expenditures likely to be incurred in 1977 are of the order of Rs. 512 crores there is every possibility that corporate investment in 1977 would exceed the level reached in 1976. It is, however, to be noted that a higher level of corporate investment in current prices does not indicate a rise in investment in real terms.

Date: 1977-03-01
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:iim:iimawp:wp00229

Access Statistics for this paper

More papers in IIMA Working Papers from Indian Institute of Management Ahmedabad, Research and Publication Department Contact information at EDIRC.
Bibliographic data for series maintained by ().