Posted 10/4/2023, 5:12:00 AM
Private Investment Revival to Boost India's Growth Amid Global Slowdown
- Private capex pickup seen adding to Modi government's big investment spend
- Experts believe private investment to be key GDP growth driver amid global headwinds
- Private capex revival broad-based across sectors like manufacturing and infrastructure
- Paying suppliers, SMEs on time by govt can reduce working capital needs and boost private capex
- Low capacity utilization and demand uncertainty previously deterred higher private investment
- More measures on ease of doing business can sustain the pickup in private capex