New Delhi, March 24 -- The share of private capital expenditure (capex) in India's Gross Fixed Capital Formation (GFCF) has dropped to a ten-year low of 33 per cent in FY2024, according to a report by ICRA.

The report highlighted that while listed companies have increased their capex spending, a decline in investments by unlisted entities has led to an overall slowdown in private sector capital investments.

It said "While listed corporates increased their capex spending by 28 per cent in FY2023 and 12 per cent in FY2024, unlisted entities experienced a contraction in FY2024, dragging overall private capex growth".

As per report, GFCF, which includes the gross addition to fixed assets and intangibles, forms about 30 per cent of India's ...