Govt’s infra push boosting investments
Govt capex during Apr-Sept rose by 43.1%
image for illustrative purpose
United Nations: India registered strong investment performance in 2023, driven by government infrastructure projects and multinational investments, the United Nations (UN) said, while noting that investment prospects in China face headwinds from a struggling property sector.
The UN World Economic Situation and Prospects (WESP) 2024 report, launched here on Thursday, said that investment has been more resilient in developing economies than in developed economies. Investment in South Asia, particularly in India, remained strong in 2023. “Investment prospects in China face headwinds from a struggling property sector, though government-led infrastructure investments are partially offsetting the shortfall in private investments. In contrast, India registered strong investment performance in 2023, driven by government infrastructure projects and multinational investments,” the report said. Among the developing regions, Africa, Western Asia and Latin America and the Caribbean continue to struggle with high borrowing costs and other challenges that hinder investment growth.
