India’s “growth story” has echoed in boardrooms for decades. But an economic slowdown in recent years has sparked worrying commentary. One thing caught our attention—private capex, the engine of long-term growth, is failing us.

Let’s find out why. 🧵👇 **

When businesses build new factories, set up plants, or invest in new technology, they create jobs, boost demand for raw materials, and set up future production capacity. Government spending helps, but private companies make growth broad-based and self-sustaining. **

Here’s the paradox. Private investment is touching new highs in absolute terms, yet as a share of GDP it remains historically low. Even the Finance Ministry has flagged that weak private investment could “restrict acceleration in economic momentum.” **

Following the…

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