India's Economy Poised for New Growth Cycle Driven by Rising Investment

• Investment driving India's booming economy, similar to 2003-2007 period when growth averaged over 8% • Investment as % of GDP climbing from recent low of 28% in 2021, could reach 36% by 2027 • Economists see "long runway ahead for current expansion cycle" given rising private investment, exports, more stable economy • India logged 8.4% GDP growth last quarter, but slower underlying growth raised questions over sustainability • Top economic adviser sees signs of sustained capital formation that could help economy expand over 7% next fiscal year