Investment Attractiveness of the Russian Industrial Sector in the New Reality

This article provides an analysis of the main directions of changes in the volume of investments in fixed assets, both in general industry, and by individual types of industrial activity of the Russian Federation for 2010–2019, as well as indicators of the effectiveness of their use. The dynamics of changes in the depreciation coefficient of the fixed capital of the industry of the Russian Federation, characterizing the state of fixed assets, is considered. The statistics of the volume of investments in the industries allocated by Federal Law are studied: mining, manufacturing and production and distribution of electricity, gas and water. To obtain more accurate readings, the 2019 data are recalculated to 2010 prices using Rosstat inflation data. The return-on-investment indicator is calculated based on Rosstat data. The main reasons for the identified changes, both negative and positive, are indicated. The current state of investment activity in the sphere of fixed capital in the industry of the Russian Federation is determined and conclusions about the shortcomings of state policy in this direction are drawn. A number of recommendations are given on possible measures of state activity necessary to improve the state of fixed assets of the industry of the Russian Federation by increasing investment activity in this direction.