- Public investment in India is primarily done in sectors like agriculture, infrastructure, health, and education.
- The public investment contributes around 2.2% to the GDP of India, which is likely to increase up to 2.9%.
- The outlay for capital expenditure in the Union Budget has been stepped up sharply by 35.4% to Rs. 7.50 lakh crore in 2022-23.
- India as the World’s Fastest Growing Major Economy India is on track to become the world’s third-largest economy by 2027, surpassing Japan and Germany.
- As per IMF, increasing public investment by 1% of GDP could strengthen confidence in the recovery and boost GDP by 2.7%, private investment by 10%, and employment by 1.2%.
Dig Deeper: Read about Savings rate in Indian Economy and Private investments
