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Private sector firms must invest more in R&D to spur growth: Top official
New Delhi, Aug 7 (SocialNews.XYZ) Private sector investment is witnessing steady and sustained growth, driven by the government's continued push on capital expenditure, but these companies need to invest more in R&D, Economic Affairs Secretary Anuradha Thakur said on Friday. Addressing the National Council of Applied Economic Research's India Policy Forum 2026 event here, she said that the government’s capital expenditure has increased more than five-fold over the last decade from Rs 2 lakh crore in 2014-15 to Rs 10.7 lakh crore in 2025-26 as public investment continues to play a catalytic role by crowding in private investment.