New Delhi, May 17 -- The private capital expenditure growth in India remained robust in the last five years from FY21 to FY25E, reporting a CAGR of 19.8 per cent, according to a report by HDFC Securities.

The report highlighted that private capex growth was strong during this period, but it did not reflect in the credit growth of the banking system. This was because almost the entire capital expenditure was financed through strong cash flows from operations, reducing the need for bank credit.

It said "private capex growth has been robust from FY21 to FY25E, reporting a CAGR of 19.8 per cent.... Private capex growth wasn't reflected in the credit growth of the banking system as almost entire capex was financed by strong cash flows from o...