Investment worries

Global conditions would impede recovery

One of the big policy challenges in India is to strengthen economic revival. A lot in this context depends on investment revival, which has remained tepid for quite some time. The government on its part has been pushing up public investment to crowd in private investment but not with much success. While some of the enabling factors — such as bank and corporate balance sheets — have improved, investment revival may still take some time. Notably, India is not an exception in this regard. Much of the developing world was struggling with lower investment growth even before the pandemic. According