The Confederation of Indian Industry (CII) has highlighted a significant revival in private investment, attributing this to the government's robust capital expenditure program. As of September 2025, private capital expenditure surged by 67% year-on-year, totaling ₹7.7 trillion. The manufacturing sector led this growth, contributing ₹3.8 trillion, while services added ₹3.1 trillion. CII director general Chandrajit Banerjee noted that private enterprises are investing at levels not seen in over a decade, with capacity utilization in factories rising to 75.6%. The CII also urged businesses to absorb input cost pressures and proposed a gradual rollback of the ₹10 per litre excise duty cut on petrol and diesel over 6-9 months. This recommendation comes amid concerns about inflation and interest rates due to the ongoing West Asia crisis, which could temporarily impact India's growth rate. Finance Minister Nirmala Sitharaman reassured that the government would safeguard Indian businesses from external volatility.