'Public investment at 2-decade record growth in FY16'
Public investments in India by central, state, local government, and PSEs rose by 21% in 2015-16, a record growth in the last two decades, an HSBC report stated. Private sector investment, constituting 75% of overall investor demand, however, contracted 1.4% year-on-year, its worst performance, the report added. Overall investment growth was at 4% year-on-year against the two-decade average of 8%.