Time for private investment is now; delays risk economic competitiveness

PUBLISHED: September 24, 2024/Marina Hopper

3 min read Last Updated : Sep 24 2024 | 10:22 PM IST

Buoyed up by a young and dynamic workforce, substantial government investments in infrastructure, strong financial sector balance sheets, and a globally acclaimed digital stack, India’s growth outlook appears robust. The recovery witnessed following the Covid-19 pandemic has positioned the country as the fastest-growing large economy, with the International Monetary Fund (IMF) expecting India to grow at 7 per cent in FY25.

However, given that private sector investment, especially in machinery, equipment, and intellectual property, has lagged in recent years, this recovery is incomplete. As noted in the latest Economic Survey, private sector gross fixed capital

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