CRISIL's Dharmakirti Joshi gives India a 7 out of 10 on growth durability; says private capex has the money but not the will

India’s economic growth remains strong and durable. Corporate India possesses robust financial health but lacks the confidence to invest. New-economy sectors are attracting private capital due to clear demand. Energy prices are the single most important indicator to monitor for the economy’s future performance. This outlook suggests continued economic progress.