Backed by a young and dynamic workforce, substantial government investment in infrastructure, strong financial sector balance sheets and a globally acclaimed digital stack, India’s growth prospects appear robust. The recovery witnessed post the Covid-19 pandemic has positioned the country as the fastest growing major economy, with the International Monetary Fund (IMF) expects India to grow 7 percent in FY25.
However, since private sector investment, particularly in machinery, equipment and intellectual property, has lagged in recent years, this recovery has been incomplete. As noted in the latest Economic Survey, private sector gross fixed capital
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