New Delhi, March 18 -- India's private sector is in a much better position to invest compared to a decade ago, according to a report by Crisil Intelligence.

The financial health of private corporations has significantly improved, giving them the flexibility to undertake new investments.

Over the years, private companies have steadily reduced their debt, leading to stronger balance sheets. This has been driven by low capital expenditure (capex), government initiatives to boost infrastructure, fresh equity issuances, and improved capacity utilization. Many companies have also used their profits to pay off debt.

The debt-to-net-worth ratio of companies has improved significantly, declining from 1.05 times in the financial year 2015 to an ...