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Jefferies: India's growth depends on private sector Capex boost
The Business Guardian
|February 08, 2025
The income tax exemption threshold has been raised from Rs7 lakh per annum to Rs12 lakh per annum, while tax rates for those earning above Rs12 lakh have also been reduced.
India's economic growth is at a crossroads, and the private sector is being counted on to drive the next phase of investment.
According to the global financial services Jefferies, the Indian government's capital expenditure growth is slowing down, with a 10 per cent growth expected in FY25, following an estimated 7 per cent increase in FY24. This is a significant slowdown compared to the average 30 per cent annual growth seen between FY20 and FY24.
Jefferies emphasised that the private sector must now drive the next phase of India's investment cycle.
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