Corporate investment in 1981 - a forecast

Abstract

This paper attempts to make a forecast of the growth in private coprorate investment in 1981. Corporate investment is taken to cover gorss capital expenditures of all companies in private and joint sectors. The study also provides a picture of the level and composition of corporate investment in 1980. The methodology used in this paper to forecast corporate investment relies on the data available with the term lending institutions on the phasing of capital expenditures of projects sanctioned by them. The details of the technique followed have been explained by the author in his earlier writings. Capital expenditures in 1980 on all projects sanctioned by the term lending institutions so far would amount to Rs 1400 cores which will mean in nominal terms a rise of 16 per cent over the level of Rs 1210 crores achieved in 1979. At 1970-71 prices, this will imply a rise of 7.5 per cent.