New Delhi: India's private capital expenditure (capex) pipeline surged 39 per cent year-on-year as of September 2026, but increasing concentration across a few states and sectors, larger project sizes and potential execution delays pose significant risks for lenders, according to a report by Union Bank of India.
The report highlighted that India's outstanding private capex pipeline reached Rs 99.7 lakh crore in September 2026, nearly 4.1 times its March 2014 level and 39 per cent higher than a year ago. At the same time, the pipeline expanded by Rs 46.4 lakh crore over the past two years, compared with an increase of just Rs 7 lakh crore in the eight years to March 2022.
