New Delhi, Feb. 7 -- India's economic growth is at a crossroads, and the private sector is being counted on to drive the next phase of investment.

According to the global financial services Jefferies, the Indian government's capital expenditure growth is slowing down, with a 10 per cent growth expected in FY25, following an estimated 7 per cent increase in FY24. This is a significant slowdown compared to the average 30 per cent annual growth seen between FY20 and FY24.

Jefferies emphasised that the private sector must now drive the next phase of India's investment cycle.

However, Jefferies' head of India research, Mahesh Nandurkar, notes that the foundation for broad-based investment recovery has already been laid during Prime Minister...