India’s pvt capex surges, but a few states hold big bets
India's private capital expenditure pipeline reached ₹99.7 lakh crore in September 2026, a 39% year-on-year increase. The report from Union Bank of India noted that while the pipeline has surged, risks arise from concentration in a few states and sectors, with Maharashtra alone accounting for 29%. The trend suggests potential challenges for lenders moving forward.