Big Deal: India Inc investment sentiment takes hit amid COVID-19 crises

In the wake of coronavirus crisis, investment climate looks bleak in the country. One should not get fooled by huge fundraising by a particular company in the digital space because foreign direct investment (FDI) has been very selective in only a few sectors. Foreign institutional investors (FIIs) also tuned net sellers during the week.

On the other hand, the government’s financial package has been staring at fiscal limitations by the government and not just that, corporates have made it loud and clear on CNBC-TV18 that they have not just cut down on their capex plans but don’t see a private investment revival over the next one-two years.