Why India’s rising public capex is important for reducing its cost of capital

India’s gross fixed capital formation grew by just under 500 percent over a 30-year period, despite the recent spurt in public capex and infrastructure push. What this means is that India’s commercial banks are unable or rather unwilling to expand broad money and this in turn is keeping the rate of interest high

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​ India’s gross fixed capital formation grew by just under 500 percent over a 30-year period, despite the recent spurt in public capex and infrastructure push. What this means is that India’s commercial banks are unable or rather unwilling to expand broad money and this in turn is keeping the rate of interest high India’s gross fixed capital formation grew by just under 500 percent over a 30-year period, despite the recent spurt in public capex and infrastructure push. What this means is that India’s commercial banks are unable or rather unwilling to expand broad money and this in turn is keeping the rate of interest high  Moneycontrol Latest News Read More  

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