India May Be on the Cusp of Private Investment Revival
- Data hints at capex boost as demand returns, inflation slows
- Supply issues, global slowdown key challenges to investment
This article is for subscribers only.
India is showing nascent signs of reversing a troubling trend as private investment picks up, aided by improving consumption and softening inflation, data show.
“I am cautiously optimistic about growth with some signs of gradual, though uneven, revival of consumption demand,” said Jayanth Rama Varma, an external member of India’s monetary policy committee. A modest increase in private capital spending is counted on to support the recovery, he said in an interview earlier this month.