Good sign for Indian economy – Private capex pickup to add to big Modi govt investment spend? | Business

Private sector capital expenditure is a major part of any economy’s growth story and India is no different. However, with global headwinds and uncertainty post COVID, the biggest driver of the Indian economy’s growth story has been the government’s capital expenditure. Is the private capex cycle finally showing signs of a turnaround? In this week’s episode of TOI Business Bytes, Ranen Banerjee, Partner, Government Sector Leader at PwC India explains the importance of private capital expenditure, the variables that drive it and when a sustained recovery in private capex is to be expected.