Private sector investment surges in India, buoyed by revived 'animal spirits' as coined by economist Keynes. Chief Economic Adviser Anantha Nageswaran notes a robust 7% GDP growth, citing indicators like PMI and stock market performance. Finance Minister Sitharaman echoes optimism in the interim Budget, anticipating greater credit availability with reduced government borrowings. Amidst sectoral growth in steel, cement, and petroleum, improved bank balance sheets signal readiness for risk-taking, fostering economic expansion.
