NSO CAPEX survey: private corporate capex estimated at ₹11.44 lakh crore for 2025-26
The NSO's Forward-Looking Survey on Private Corporate Sector CAPEX, released on 23 March 2026, estimates aggregate provisional capex of ₹11,43,879 crore for 2025-26 and investment intentions of ₹9,55,281 crore for 2026-27.
Summary
The National Statistics Office released the results of its Forward-Looking Survey on Private Corporate Sector CAPEX Investment Intentions (survey period October–December 2025) on 23 March 2026. Estimated capex per enterprise for 2024-25 was ₹180.2 crore against actual capex of ₹173.5 crore, a realisation ratio of 96.3%. Aggregate provisional capex for 2025-26 is estimated at ₹11,43,879 crore, and investment intentions for 2026-27 at ₹9,55,281 crore. About 65.35% of 2025-26 capex is funded from internal accruals and 23.25% from domestic debt; 48.63% of enterprises focus capex on core assets. The NSO ran the first such survey in November 2024–January 2025.
Key facts
- 2025-26 capex (provisional)
- ₹11,43,879 crore
- 2026-27 intentions
- ₹9,55,281 crore
- 2024-25 realisation
- ₹173.5 crore actual vs ₹180.2 crore planned per enterprise – 96.3%
- Funding 2025-26
- 65.35% internal accruals; 23.25% domestic debt
- Focus
- 48.63% of enterprises on core assets; 38.36% on value addition
- Survey
- Oct–Dec 2025; first round Nov 2024–Jan 2025
Practice MCQs 3 questions
According to the NSO CAPEX survey released in March 2026, aggregate provisional private corporate capex for 2025-26 is estimated at about:
Show answer
Correct answer: D — ₹11.44 lakh crore
Provisional capex for 2025-26 is ₹11,43,879 crore; ₹9,55,281 crore is the investment intention for 2026-27.
As per the NSO CAPEX survey, the largest source of financing for private corporate capex in 2025-26 is:
Show answer
Correct answer: B — Internal accruals
About 65.35% of 2025-26 capex is sourced from internal accruals, while 23.25% comes from domestic debt.
In the NSO CAPEX survey, the 'realisation ratio' for 2024-25 was 96.3%. This means:
Show answer
Correct answer: D — Actual capex per enterprise was 96.3% of what was planned
Estimated capex per enterprise for 2024-25 was ₹180.2 crore and actual capex ₹173.5 crore – a realisation ratio of 96.3%.