India at cusp of new private capex cycle; UP, Gujarat, Maharashtra, Odisha bagging most investments: Report

After analysing official data from 2005 to 2022, India Ratings and Research said Uttar Pradesh, Gujarat and Maharashtra continue to dominate fresh capex allocation, while Odisha is getting attention with projects spread across textile, steel and power sectors. For the past few years, the government led on the investment front while private capital expenditure, which has a trickle-down effect on growth and employment, did not take off.

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