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CEA Nageswaran urges capex surge as EV momentum stalls private investment in India
Economy
Published on 3 May 2026
Firms piled cash instead of building real assets
Chief Economic Adviser V Anantha Nageswaran says India’s biggest companies boosted profits after Covid, yet investment spending lagged. He warns firms kept cash rather than putting it into real assets, leaving the public sector to carry growth. With EV momentum rising, he calls for faster private capex to expand domestic opportunities and help narrow trade deficits.
- Post-Covid profits rose, but corporate capex stayed subdued
- Companies reportedly hoarded cash instead of investing in real assets
- Public sector had to drive growth in the gap
- Private investment urged to leverage EV momentum and cut trade deficits
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times