Uncertainties are the general phenomena in the business or in investing the money. This paper mainly focuses on the importance of capital investment decisions for an enterprise in the era of uncertainties. The future growth, profitability, efficiency and status of an entity within the business community depend upon present and future capital investment decisions. Investment decisions are closely related to affect future balance sheet, profit statements and cash flow statements. This paper attempts to analyze the approaches to take investment decisions under the condition of certainty and uncertainty and suggest the approaches for investment decisions especially in developing countries.

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Keywords: Investment Uncertainties, Capital Investment, Future Growth, Profitability, Investment Decisions.