Lok Sabha Question No. 1330 (UNSTARRED), answered on 2025-12-08
Subject: Gross Fixed Capital Formation (GFCF)
Ministry: FINANCE
Asked by: Shri Manish Tewari

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF ECONOMIC AFFAIRS

## LOK SABHA UNSTARRED QUESTION NO.1330

TO BE ANSWERED ON MONDAY, DECEMBER 8, 2025 / Agrahayana 17, 1947 (Saka)

## Gross Fixed Capital Formation (GFCF)

1330. Shri Manish Tewari:

Will the Minister of FINANCE be pleased to state:

- (a)  the  total  contribution  of  private  sector  companies  with  an  annual  turnover  exceeding 10,000 crore towards Gross Fixed Capital Formation (GFCF) since 2014, year-wise;
- (b) the share of such investment attributed to the 11 largest corporate groups of the country, in turnover terms, specifically towards the manufacturing sector during the same period;
- (c) the details of new employment opportunities generated as a result of these investments, year-wise;
- (d) whether the Government has conducted any assessment on the regional distribution and sectoral impact of these private investments, if so, the details thereof;
- (e) whether steps are being taken by the Government to ensure equitable investment growth, promote employment-intensive sectors and encourage greater private participation in emerging manufacturing domains such as electronics, green energy and semiconductors; and (f) if so, the details thereof?

## ANSWER

## THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI PANKAJ CHAUDHARY)

(a) to (c): As  per  the  National Accounts  Statistics  2025  published  by  the  Ministry  of Statistics and Programme Implementation (MoSPI), the details of the contribution of private corporations to total gross fixed capital formation (GFCF) since 2014-15 are as under:

|                                             | 2014- 15                        | 2015- 16                        | 2016- 17                        | 2017- 18                        | 2018- 19                        | 2019- 20                        | 2020- 21                        | 2021- 22                        | 2022- 23                        | 2023- 24                        |
|---------------------------------------------|---------------------------------|---------------------------------|---------------------------------|---------------------------------|---------------------------------|---------------------------------|---------------------------------|---------------------------------|---------------------------------|---------------------------------|
| in ₹ lakh crore, current prices             | in ₹ lakh crore, current prices | in ₹ lakh crore, current prices | in ₹ lakh crore, current prices | in ₹ lakh crore, current prices | in ₹ lakh crore, current prices | in ₹ lakh crore, current prices | in ₹ lakh crore, current prices | in ₹ lakh crore, current prices | in ₹ lakh crore, current prices | in ₹ lakh crore, current prices |
| Gross Fixed Capital Formation (GFCF)        | 37.5                            | 39.6                            | 43.4                            | 48.2                            | 55.7                            | 57.2                            | 54.2                            | 69.8                            | 84.0                            | 91.7                            |
| GFCF by Private Non- Financial Corporations | 13.5                            | 15.9                            | 16.6                            | 17.2                            | 19.0                            | 21.2                            | 19.2                            | 24.2                            | 29.7                            | 29.7                            |
| GFCF by Private Financial Corporations      | 0.3                             | 0.4                             | 0.3                             | 0.2                             | 0.4                             | 0.5                             | 0.6                             | 0.5                             | 0.5                             | 0.7                             |
| Total GFCF by Private corporations          | 13.7                            | 16.3                            | 16.9                            | 17.4                            | 19.4                            | 21.7                            | 19.8                            | 24.6                            | 30.2                            | 30.3                            |
| as per cent share in total GFCF             | as per cent share in total GFCF | as per cent share in total GFCF | as per cent share in total GFCF | as per cent share in total GFCF | as per cent share in total GFCF | as per cent share in total GFCF | as per cent share in total GFCF | as per cent share in total GFCF | as per cent share in total GFCF | as per cent share in total GFCF |
| GFCF by Private Non- Financial Corporations | 35.9                            | 40.3                            | 38.2                            | 35.7                            | 34.1                            | 37.1                            | 35.4                            | 34.6                            | 35.4                            | 32.4                            |
| GFCF by Private Financial Corporations      | 0.8                             | 1.0                             | 0.8                             | 0.5                             | 0.7                             | 0.8                             | 1.1                             | 0.7                             | 0.6                             | 0.7                             |
| Total GFCF by Private corporations          | 36.6                            | 41.3                            | 39.0                            | 36.2                            | 34.9                            | 37.9                            | 36.5                            | 35.3                            | 36.0                            | 33.1                            |

Information  on  the  total  contribution  of  private  sector  companies  with  an  annual  turnover exceeding ₹ 10,000 crore towards GFCF, as well as details of investments by the 11 largest corporate groups and the associated employment generated therefrom, is not available in the database of the National Accounts Statistics 2025.

(d): The Annual Survey of Industries published by the Ministry of Statistics and Programme Implementation  provides  a  comprehensive  overview  of  the  key  characteristics  such  as employment  size,  capital  investment,  gross  output  and  net  value  added  across  various manufacturing industries, at both the national and state/UT levels.

(e) & (f): The Government has taken various measures to ensure equitable investment growth and  to  encourage  greater  private  participation  in  emerging  manufacturing  domains  in  the country,  with  100%  FDI  through  the  automatic  route  for  most  sectors.  In  particular,  key initiatives  to  promote  the  electronics  and  semiconductor  sector  include  the  Electronics Component Manufacturing Scheme (ECMS), Production Linked Incentive (PLI) scheme for large-scale electronics manufacturing, PLI Scheme for IT hardware, and the dedicated India Semiconductor  Mission  (ISM).  Similarly,  measures  have  been  implemented  to  accelerate investments  in  renewable  and  green  energy,  as  well  as  climate-aligned  and  sustainable enterprises,  with  support  from  Schemes  such  as the  Faster Adoption  and  Manufacturing  of (Hybrid  &)  Electric  Vehicles  in  India  (FAME)  and  the  National  Green  Hydrogen  Mission (NGHM). Additionally,  in  recent  budgets,  the  Government  has  announced  several  targeted measures to promote employment-intensive sectors, including the Focus Product Scheme for the  footwear  and  leather  sector,  a  scheme  to  promote  the  toy  sector,  and  the  National Manufacturing Mission.

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