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Trade Policies, Inflation Hit Growth
The Sunday 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.
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