India grew 6.5% in FY25 and is on track for similar growth this year
But to meet long-term goals, higher, broad-based growth is needed
Government capital spending has surged
Yet, private investment remains muted despite policy intent to crowd it in
A new NSO survey shows a 25% drop in planned private capex for FY26
Firms are cautious amid global and domestic uncertainty
Global trade uncertainty
Weak domestic demand
Reluctance to reveal unapproved projects
India–US trade deal talks progressing
Global firms like Apple shifting supply chains to India
Rate cuts may help, but real recovery hinges on demand revival
Private investment must pick up for sustained, inclusive growth