New Delhi, Feb. 8 -- Private investment in India is expected to pick up, driven by the consumption boost from recent tax cuts in the Union budget and the Reserve Bank of India's (RBI) latest rate cut, finance minister Nirmala Sitharaman said on Saturday.

Addressing a press conference after her customary address to the RBI's central board of directors, Sitharaman said that she anticipates a revival in the private investment cycle in the coming months. She attributed this outlook to feedback received from various sources, including business leaders.

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"(A)necdotal evidence suggests a pick up in investment activity. I'm not relying on them, but these are since after...