Data Drive: Betting on India
To push up the investment rate, India must see significant participation from the private sector, a point underlined by finance minister Nirmala Sitharaman when she asked Indian businesses what was stopping them from investing in the economy at a time when foreign direct investors are confident about India.
The share of private sector gross fixed capital formation has declined sharply in the past decade—from a peak of 14.3% of GDP in FY08, it is down to 9.2% in FY21.
However, India’s gross foreign direct investment inflows have been strong over the past few years, totalling $647 billion over the past 10 years on a gross basis and $331 billion on a net basis.
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