New Delhi, July 23 -- Private investment in India is expected to see a pickup as and when the ongoing uncertainty over US trade policies recedes, opined Aditi Gupta, an economist at Bank of Baroda.

A volatile trading environment, marked by a constant threat of protectionist policies by the US has lent a significant degree of uncertainty to companies' investment plans, the Bank of Baroda report, authored by economist Aditi Gupta, said Wednesday.

The headwinds were reflected in slower credit offtake.

Credit growth by scheduled commercial banks (SCBs) moderated to 9.5 per cent in June 2025 (up to 27 Jun 2025), on a high base of 17.4 per cent in the same period last year. Credit growth this year has been lower than deposit growth in the co...