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Trade Policies, Inflation Hit Growth
The Business Guardian
|March 02, 2025
Future growth trajectory of the country will be led by revival in the private investment, according to a report by the State Bank of India (SBI).
The report added that the decline in gross capital formation (GCF) in FY24 is a matter of concern, and a revival in investment, particularly by private corporations, will be crucial for India's future economic growth.
SBI said "we believe, revival in private investment (particularly of private corporations) will be a major key to the future growth trajectory".
The report highlighted that gross capital formation-which represents overall investment in the economy-dropped from 32.6 per cent of GDP in FY23 to 31.4 per cent in FY24.
This story is from the March 02, 2025 edition of The Business Guardian.
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