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#unpopularopinion Has #PLI made a difference?
The #IndiaCapex is #Booming #Fallacy if you look at this one CHART
Capex of All India Listed Non financial Cos has NOT INCREASED (128% of Depreciation < 2003)
Judge #PLI based on this number over the next 3yrs…
The #IndiaCapex is #Booming #Fallacy if you look at this one CHART
Capex of All India Listed Non financial Cos has NOT INCREASED (128% of Depreciation < 2003)
Judge #PLI based on this number over the next 3yrs…
For those who don’t understand this chart,Shows How Much of CAPEX Corporate India (Excluding Financial cos) is doing as percentage of the Depreciation. This Ratio was as high as 300%…. In FY21 and FY22, it’s at a RECORD LOW.
if this Ratio improved by 30%, it’s ZILCH vs History
if this Ratio improved by 30%, it’s ZILCH vs History
Remember that the #ModiGovt has given companies a Massive Annual Saving with a 25% TAX RATE as well as a PLI Scheme.
Question is: would Corporate India spent the same even without the PLI Scheme, PROOF of PLI Success will be ONLY if This RATIO were to return to 250%
Question is: would Corporate India spent the same even without the PLI Scheme, PROOF of PLI Success will be ONLY if This RATIO were to return to 250%
