Capex has lifted the productive potential of the economy; time for the private sector to take the baton, says the Economic Survey 2024. India’s private capex surged by 19.8% in FY23, with the share of private non-financial corporations in GFCF rising to 34.9%. Corporate bond issuances increased by 70.5% in FY24, driven by robust government capital expenditure of Rs 9.5 lakh crore, marking a 28.2% year-on-year growth.