Gross Fixed Capital Formation (GFCF): The Secret Engine Behind India’s Economic Boom!
From Current Affairs Notes for UPSC » Editorials & In-depths » This topic
Gross Fixed Capital Formation (GFCF) in India has seen significant fluctuations in recent years. Despite a record high of 35.3% of GDP in Q2 FY24, driven by government capital expenditure, private investment remains sluggish. Since 2011-12, private GFCF has steadily declined, impacting overall economic growth. Recent trends indicate a potential rise in GFCF to 36% of GDP by 2026-27, suggesting a capex-led growth phase similar to the mid-2000s
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