corporate India, which was already pruning its capital expenditure plans to cope with sluggish growth when the coronavirus crisis struck in March.A Mint analysis of 150 firms in BSE 200 showed that capex by these companies declined 5.31% from a year ago to ₹4.15 trillion in FY20.
Of this, capital spending by 20 of the 30 members of the BSE’s benchmark Sensex had fallen sharply by 12.3% to ₹2.07 trillion in the year to March.