S&P urges India's private sector to boost investment amid limited government support due to high debt.

S&P emphasizes the necessity for India's private sector to increase investment to sustain economic growth, as government financial support may be limited due to high debt at 86% of GDP. While government initiatives have driven post-pandemic recovery, private investments, which account for 37% of total investments, have not fully materialized. However, signs of growth are emerging, particularly in sectors like electronics and pharmaceuticals, aided by the government's Production-Linked Incentive scheme.

September 24, 2024
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