New Delhi, March 1 -- Future growth trajectory of the country will be led by revival in the private investment, according to a report by the State Bank of India (SBI).

The report added that the decline in gross capital formation (GCF) in FY24 is a matter of concern, and a revival in investment, particularly by private corporations, will be crucial for India's future economic growth.

SBI said "we believe, revival in private investment (particularly of private corporations) will be a major key to the future growth trajectory".

The report highlighted that gross capital formation--which represents overall investment in the economy--dropped from 32.6 per cent of GDP in FY23 to 31.4 per cent in FY24.

The major reason for this decline is the...