Business Standard

Better numbers in private projects

Three hoops to jump to be convinced that torrid growth will come

economy, india economy

Ajay Shah
Private investment is the most important component of Indian growth. For a long time now, it has fared poorly. The long decline bottomed out in 2021 and recent evidence shows gains. This is an important beginning, but we don’t yet know if it will play out into a big growth episode.

While the Indian state dominates the airwaves, it is a small part of the economy. Almost all output and jobs are made in the private sector. Everything that happens by way of state action should be seen as modifying incentives for private people to invest. In this fundamental sense,
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

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First Published: May 28 2023 | 9:29 PM IST

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