Private sector investment on a recovery path, shows RBI study

The private sector is scaling down on their new capacity expansion plans, but they have stepped up borrowing for the planned phases, a study by the Reserve Bank of India (RBI) has showed. A total capex of Rs 1.49 trillion was estimated to have been incurred by the private corporate sector in 2017-18, of which Rs 80,200 crore was from fresh sanctions during the year.  “The year marked the seventh successive annual contraction in the private corporate sector’s capex plans. However, the envisaged capex from the pipeline projects already under­taken showed an improvement over the previous year’s pipeline,” the RBI