Private sector unable to invest

It is widely accepted that the economic slowdown in India is due significantly to the decline in investment activity. Consequently, any prospects of recovery must also depend on the willingness and, more importantly, ability of companies to invest. So, are Indian companies in a position to invest in capacity expansion or new businesses should the overall investment climate improve? Analysis by the Business Standard Research Bureau, which was reported on in this newspaper earlier this week, raises serious concerns about the ability of large Indian companies to put any more money to work.

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