In September 2025, India's private capital expenditure reached ₹7.7 lakh crore (approximately $9.3 billion USD), marking a 67% increase from ₹4.6 lakh crore the previous year, as reported by the Confederation of Indian Industry (CII). This surge indicates a robust recovery in the country's investment cycle, with manufacturing leading the charge, contributing ₹3.8 lakh crore or nearly half of the total private investment. The services sector followed closely, adding ₹3.1 lakh crore. CII's Director General, Chandrajit Banerjee, highlighted that capacity utilization rose to 75.6% in the third quarter of FY26, supported by a 10.3% year-on-year growth in new order books and a bank credit growth of nearly 14%. To sustain this momentum, CII has proposed a five-point action plan, which includes a phased drawdown of the ₹10 per litre central excise cut on fuel, a commitment from industries to reduce energy consumption, and a 45-day MSME payment guarantee to alleviate financial pressures on small enterprises. CII anticipates real GDP growth to surpass 7.6% in FY26, with exports projected to reach an all-time high of $863 billion and foreign exchange reserves exceeding $700 billion.