India's Private Capex May Finally Follow Government Investment

For several years, the Indian government spent a lot of money building roads, infrastructure and other projects.

This spending helped the economy grow quickly.

Now, private companies are showing signs that they may start investing more too.

Banks are lending more money for infrastructure, and factories are producing more capital goods.

Companies also announced many new projects in the latest quarter.

However, much of this planned investment is in services such as data centres and artificial intelligence.

Energy, electronics and renewable projects are also attracting money.

Traditional manufacturing and smaller businesses are still moving more slowly.

Experts say it will take several years to know how much private investment actually happens.