India to be $6.7 trillion economy by 2030: S&P
Capital accumulation led by growth in private capital investment is expected to be the key driver of growth during this period, says the report.
Capital accumulation led by growth in private capital investment is expected to be the key driver of growth during this period, says the report.
GFCF has been growing over the last two years, but momentum in investments gained in the last fiscal
The FM has announced an increased capital investment outlay by 33.4% to ₹10 lakh, which could lead to employment generation in the mid to long-term and hence an increase in demand-led consumption
Capital investment outlay is being increased steeply for the third year in a row by 33% to ₹10 lakh crore, which would be 3.3% of GDP, says the FM.
If there is any non-digital, non-renewables sector that has seen capital investments despite Covid ravaging the economy, chemicals is right on top.