Government-run firms drove capex in pre-election year as private sector held back
After a strong rebound in private capital expenditure in the two years following the pandemic, investment by private non-financial corporations stagnated in FY24. In contrast, capital spending by public non-financial enterprises jumped 33%, while central and state governments increased theirs by 25%. Private sector share in GFCF hits 12-year low The shift in momentum underscores
