Private sector firms must help push up capex: RBI bulletin

Reserve Bank of India officials have exhorted private companies to lead the way in expanding capital expenditure, a space dominated by the government.

- Shayan Ghosh

The corporate sector must "get its act together" and relieve the government of capex heavy-lifting, the officials say in RBI’s February bulletin, reflecting a view expressed by industry experts as well.

"Expectations for a fresh round of capex by the corporate sector to take the baton from the government and fuel the next leg of growth are mounting," the RBI officials said in the article titled ‘State of the Economy’.

India’s economy continues to sustain the momentum achieved in the first half of 2023-24, and the likelihood of the global economy exhibiting stronger-than-expected growth has brightened, the officials added.