4 days ago
RBI Estimates India Private Capex at Rs 3.2 Lakh Crore
The Reserve Bank of India expects private companies in India to spend about Rs 3.2 lakh crore on new projects in 2026-27.
This estimate comes from projects already planned and funded in several ways.
These include bank loans, financial institutions, overseas borrowing and money raised through initial public offerings.
The comparable amount was Rs 2.6 lakh crore in 2025-26.
Companies planned projects worth a record Rs 4.4 lakh crore through banks and financial institutions in 2025-26.
More than half of that project spending was aimed at infrastructure.
Power projects received the largest share, followed by roads and bridges.
Most of the projects were new projects rather than expansions of existing ones.
The RBI said investment should remain healthy, but global uncertainty may make companies more cautious.
India’s private corporate capital expenditure is estimated at Rs 3.2 lakh crore in 2026-27.
The estimate is based on projects financed through banks, financial institutions, external commercial borrowings and initial public offerings.
Comparable capex through these channels stood at Rs 2.6 lakh crore in 2025-26.
Projects sanctioned by banks and financial institutions rose to a record Rs 4.4 lakh crore in 2025-26.
Infrastructure accounted for 54.2% of sanctioned project costs, with power leading investment, while global uncertainty could temper sentiment.
- Who
- India’s private corporate sector, according to an article in the Reserve Bank of India’s September Bulletin.
- What
- Private-sector capital expenditure is estimated at Rs 3.2 lakh crore in 2026-27.
- Where
- India.
- When
- The estimate concerns financial year 2026-27; the Bulletin was published on September 25, 2026.
- Why
- The estimate is based on the pipeline of projects financed through banks and financial institutions, external commercial borrowings and initial public offerings.
Key facts
- Estimated private capex, 2026-27
- Rs 3.2 lakh crore
- Comparable capex, 2025-26
- Rs 2.6 lakh crore
- Projects sanctioned by banks and financial institutions, 2025-26
- Rs 4.4 lakh crore, up from Rs 3.7 lakh crore in the previous year
- Largest investment destination
- Infrastructure, with 54.2% of sanctioned project costs in 2025-26
- Leading infrastructure sector
- Power, followed by roads and bridges
- Greenfield project share
- 89.2% of project costs reported by banks and financial institutions in 2025-26
- Outlook
- Investment is expected to remain healthy, although global uncertainties may temper sentiment
Quotes
Reserve Bank of India
India’s central bank, quoted through its September Bulletin
“The phasing profile of the pipeline projects based on all channels of financing taken together, suggests that the envisaged capex is estimated at Rs. 3.2 lakh crore in 2026-27, indicating sustained momentum in private investment.”
thehindubusinessline.com
“Private corporate investment intentions remained resilient during 2025-26 despite a challenging global environment marked by heightened geopolitical tensions, trade policy uncertainty, and volatile financial markets.”
thehindubusinessline.com
Sources
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