Quant – Thematic – Capex Growth Slows Across Most Sectors in FY26
Published on 14 Oct 2026
Our analysis of sector-wise gross fixed assets (GFA) suggests that fixed asset growth has slowed across most sectors in FY26, after strong additions in previous years. Automobiles & ancillaries, hotels & tourism and machinery saw a sharp slowdown, while metals, textiles and consumer goods reported negative growth. However, construction materials and automobiles continued to record healthy growth despite the moderation. On the other hand, electricity generation and transmission & distribution saw improvement, supported by ongoing investments in power infrastructure and renewable energy. Chemicals and food & agro-based products also continued to see positive growth, but at a slower pace. Going ahead, government schemes and planned capacity expansions could support fresh investments across sectors.
