Capital Income
Average capital investment in many sectors growing at more than 20%: CEA
The average capital investment in many sectors is growing at more than 20 per cent, and there are multiple indicators pointing to a momentum in the economy, Chief Economic Advisor (CEA) V Anantha Nageswaran said on Thursday. Also, he exuded confidence that the finance ministry's target of narrowing the fiscal deficit to 5.9 in the current financial year and to 4.5 percent in 2025-26 would be achieved. Addressing FICCI's special interactive session on 'Indian economy@100 - Journey to the Amrit Kaal', the CEA said that last year many sectors saw average capital investment growing at more than 20 per cent. In fact, in the hotels and hospitality sector, there was an 80 per cent growth in CAPEX in FY 23 over FY 22, he said. "The total employment in the hospitality sector which was 4 crore pre-pandemic declined to 2.9 crore during the pandemic years, and now it has increased to 4.5 crore exceeding the pre-pandemic data. The hospitality sector now employs 50 lakh people more than it employ
 "Average capital investment in many sectors growing at more than 20%: CEA")
India's per capita income rises 7.4% to Rs 93,293 in FY16
The country's per capital income increased 7.4 per cent to Rs 93,293 in 2015-16 from Rs 86,879 in the previous financial year
