💨 Abstract

In the financial year 2022-23, private sector investment and employment growth surged, with the private sector's gross fixed capital formation reaching a record high of 23.8% of GDP. However, in 2023-24, private sector investment and hiring activity slowed down as companies chose to use their excess cash to reduce debt rather than invest in new projects. New project announcements fell, and employment growth slowed to 1.5

Courtesy: theprint.in

Summarized by Einstein Beta 🤖