New Delhi, Feb. 11 -- Funding for private sector projects has been witnessing significant growth, with bank approvals rising at a compound annual growth rate (CAGR) of 20 per cent since the pre-COVID period. This trend highlights a strong outlook for private capital expenditure (capex), according to a report from Kotak Mutual Fund.

According to the data in the report, sanctioned project costs have surged from Rs 1,168 billion in FY21 to Rs 5,657 billion in FY24. This sharp increase signals growing confidence among private players, as businesses continue to expand investments.

It said "Bank approval for private projects has risen by 20 per cent CAGR since Pre-Covid, pointing towards a robust private capex outlook".

The upward trajectory...