India can revive investment

After being the main growth driver in the mid-2000s when the country was growing in excess of 9% a year, India’s investment has been stagnant or falling since 2007/08. Private consumption is growing at a rate comparable to pre-crisis levels, but investment has not regained its strength. The culprit is corporate investment: its share in gross domestic product (GDP) has fallen to about 10%—4 percentage points lower than that in 2007/08.

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