New Delhi, May 27 -- New Delhi: Investment in new factories, buildings, and equipment surged in FY24, powered largely by central and state governments and public sector enterprises, while private corporations held back amid election-year and demand-related uncertainties, new government data shows.

After a strong rebound in private capital expenditure in the two years following the pandemic, investment by private non-financial corporations stagnated in FY24.

In contrast, capital spending by public non-financial enterprises jumped 33%, while central and state governments increased theirs by 25%.

Private sector share in GFCF hits 12-year low

The shift in momentum underscores the continuing reliance on government-led spending to drive cap...