New Delhi
Corporate investments in India have seen steady growth in 2024-25, reaching ₹28.50 lakh crore. A report from Bank of Baroda’s economic research department shows that core infrastructure sectors led this rise.
The study looked at data from 1,393 companies across 122 industries. It found that gross fixed assets, including projects still under construction, rose by 7.6% compared to ₹26.49 lakh crore in 2023-24.
Refineries made up the largest share of fixed assets at 31%. They were followed by telecom (8.6%), iron and steel (5.9%), cement (5.4%), and power (4.8%). These five sectors alone contributed 56% of the total, showing the strong role of infrastructure in capital formation.
Other important sectors include public and private sector banks, chemicals, industrial gases, and non-ferrous metals, which added up to 14.5%. Consumer-focused industries such as passenger cars, FMCG, IT, pharmaceuticals, and sponge iron made up another 10.4%. Together, these industries account for nearly 81% of total corporate fixed assets.
The report noted that some consumer sectors are still facing mixed demand, especially in cities. However, government measures and falling inflation may boost consumer spending in 2025-26.
Cement and steel growth linked closely with public infrastructure spending. Refineries invested in expansion, while the pharmaceutical industry added new plants for local and export markets.
The report highlights India’s diverse investment growth, led mainly by infrastructure and supported by evolving consumer demand and government policies.