\n\nMr. Ramesh also shared on X a media report which said the Adani Group accounted for a third of all the private capital expenditure in India during the financial year that ended on March 31, 2026.\n\n\"The lack of buoyancy in private corporate investment is India's most serious challenge. The tepidity is caused by a number of factors that include stagnation in real wages that is affecting growth in consumption across the income spectrum; a steep fall in domestic savings rates aided by high inflation,\" Mr. Ramesh said.\n\nHe further said the tepidity in private corporate investment is also caused by an atmosphere of fear and intimidation caused by the \"raid raj of powers, tax authorities and investigative agencies; lack of consistency, predictability, and transparency in key policies that influence investment decisions; and the ever-growing tide of Chinese imports which have destroyed the market for domestically manufactured goods\".\n\nGrowing concentration of economic power is also deterring investment growth, he said.\n\n\"Ironically the best pointer to this is provided by the co-architect of the Modani empire. He has proudly proclaimed that his empire alone accounted for a whopping one-third of all private corporate investment in India in 2025-26,\" Mr. Ramesh said.\n\nEconomists have worried about public investment crowding out private investment, he said.\n\n\"We are now witnessing politically-patronised private investment itself crowding out broad-based private investment,\" Mr. Ramesh alleged.\n\nIndian National Congress / politics / economy, business and finance / business (general)\n\nCopyright© 2026, THG PUBLISHING PVT LTD. or its affiliated companies. All rights reserved.\n\nTerms & conditions | Institutional Subscriber\n\nComments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.\n\nWe have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle."}

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Politically-patronised private investment crowding out broad-based private investment: Congress

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Politically-patronised private investment crowding out broad-based private investment: Congress

The Hindu · Jun 25, 2026, 6:30 AM

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