In the first nine months of the current financial year, Indian companies reported investments exceeding Rs 32 trillion, marking a 39 percent increase from Rs 23 trillion during the corresponding period of the previous financial year.
Notably, contributions from the private sector have risen to 70 percent, as indicated by a report from the State Bank of India (SBI).
A robust pipeline of Rs 13.63 trillion in work-in-progress capital, as of March 2024, underscores substantial growth potential in the upcoming years.
Government investment accounted for 4.1 percent of gross domestic product (GDP) in FY23, marking the highest level since FY12. Meanwhile, private sector investment represented 11.9 percent of GDP, the highest since FY16. Preliminary data for FY24, anticipated by the end of February, is expected to indicate that private investment is approaching 12.5 percent of GDP.
