New Delhi, April 21 -- India's private sector capital expenditure (capex) could take a backseat in the near future due to rising uncertainty around global tariffs, according to a recent report by Goldman Sachs.

The report highlighted that as tariff rates are yet to be finalised and are likely to remain in flux over the next few months, companies looking to invest in new projects may delay their plans.

It said, "We think capital expenditure in the private sector will take a back seat or get pushed out given the recent developments around tariffs. As tariff rates get negotiated and firmed up over the next few months, corporations planning new capex may defer".

The report noted that these delays in fresh capex decisions pose a risk to the...