India must reverse its decade-long slump in private investment before output growth loses steam
The recent IPO boom provides a stark example. In 2023-24 and 2024-25, India recorded more than ₹60,000 crore in fundraising from initial public offering (IPOs), the highest since the 2021 startup frenzy. Yet, several high-profile listings, from consumer tech to fintech, have been marked by weak post-listing performance, unclear profitability paths and swift price corrections.
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