In this article for Mint, Dr Niranjan Rajadhyaksha, Executive Director, Artha Global, discusses whether this decade, post the pandemic, is going to be marked by a capex boom. In the Indian context, the private sector’s investment cycle is slowly recuperating, and this will play a significant role in fostering consistent growth in the upcoming years.

Excerpts below: 

“It makes a difference whether new investments are expanding factory lines for cars run on internal combustion engines or creating an electric vehicles industry from scratch.”

“The policies needed to support investment at the technology frontier tend to be very different from those needed to push a country closer to that frontier in a catch-up game. This key distinction is often missed in policy debates.”

Read the full article here.