
Pvt innovation, investment keeping distance from agri sector: PM Modi
In his post-budget webinar, PM Modi says there are immense possibilities for investment and innovation in agri-tech domains.
In his post-budget webinar, PM Modi says there are immense possibilities for investment and innovation in agri-tech domains.
The total Capex outlay in the Union Budget 2023-24 has been enhanced by 33% from ₹7.5 lakh crore to ₹10 lakh crore, which takes it to an all-time high of 3% of GDP.
Private companies are not going full throttle to expand capacities despite deleveraged balance sheets, higher profitability and a healthy banking system ready to back their ambitions.
The finance ministry expects consumption and demand to pick once the uncertainty and anxiety due to Covid-19 pandemic recedes.
Private investment is still weak and states are likely to spend more on healthcare than infrastructure, which leaves the ball in Centre's court.
On the private investment front, Gupta said that there is no dearth of capital in India for a good project backed by a good promoter.
Garg points out that sectors like power need the right policy intervention as the discoms are in a completely debilitated state.
Prolonged cheap credit regime has led to a clear liquidity trap and irrational stock market boom, both of which are bad for the economy.
Though investors are revising their commitments to alternatives in 2020, most are not adjusting their longer-term plans, says Preqin.
The second quarter GDP numbers, the lowest in six years, prove that the economy has still not bottomed out.