Share of investment in GDP to hit all-time low in FY20: Advance estimates

Share of investment in gross domestic product will shrink to an all-time low in financial year 2019-20 (FY20), official data released on Tuesday showed. This comes at a time when Prime Minister Narendra Modi gas reached out to India Inc urging it to spend. 

In fact, India’s investment activity growth is also estimated to touch a 17-year low in FY20. With overall demand not showing signs of revival, investment activity may take longer to recover, economists said.

Gross fixed capital formation (GFCF), a proxy for investment, will grow by one per cent in FY20, down from around 10 per cent