Private sector investment witnessing steady and sustained growth: Anuradha Thakur
Economic Affairs Secretary Anuradha Thakur has said that private sector investment is witnessing steady and sustained growth, supported by the government’s continued focus on capital expenditure. Quoting a recent analysis, she said it shows that private sector investment, which the CII 2023 survey had indicated green shoots were emerging, now exhibits that private investment is moving at a steady and stable pace upwards.
She said public capex has increased over five times in the last decade, from Rs 2 lakh crore in 2014-15 to Rs 10.7 lakh crore in 2025-26. The government has projected public capital expenditure at Rs 12.2 lakh crore for the current fiscal in the Budget. She said ‘Various indicators have shown, including the number of projects off-take, number of projects which are stalling, which is apparently at a decade low, which is a good thing. Public investment continues to play a catalytic role by crowding in private investment.’
She pointed out India's long-term growth will be determined by how effectively public and private capital is deployed to create productive assets, globally competitive industries, quality jobs and transformative innovations. She added ‘Equally important is improving access to finance, particularly for micro, small and medium enterprises, which remain the backbone for manufacturing.’
Besides, talking about the global economy, she said it is navigating a period of extraordinary uncertainty. she said geopolitical tensions, energy market volatility, fragmented trade patterns, and technological disruptions are all reshaping the global landscape. Against this backdrop, she said ‘We see that India continued to stand as a place for growth and stability over the past three years; the economy has grown at an average rate of 7 per cent while preserving macroeconomic stability’.
