Private sector capital expenditure could be impacted by external vulnerabilities, including trade barriers and global uncertainties.
Despite India's growth forecast being lowered by various agencies, it is still estimated to grow between 6.2% to 6.7% in the current fiscal year.
Government measures like tax exemptions, fiscal policies, and RBI rate cuts are expected to boost consumption and investment, potentially lifting growth to higher levels.
India's potential to attract foreign direct investment remains strong, with policies enhancing workforce skills seen as crucial for sustained investment and growth.