India's capex cycle sets the stage for a $10 trillion economy https://ift.tt/WeadzDp of this will require a sizeably higher dose of capital investments from every constituent in the economy. Gross fixed capital formation (GFCF) forms around 30% of India's GDP at $790 billion. Public and private capex are stronger, while infrastructure and industrial capex were flat over the last decade. India has witnessed a sluggish investment cycle for the past 10 years since peaking in FY11, following the recovery from the Global Financial Crisis (GFC).
Monday, December 5, 2022
India's capex cycle sets the stage for a $10 trillion economy | Economic Times
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