Mumbai, Aug. 31 -- India needs to raise its investment rate to around 34-35 per cent of GDP to accelerate growth, with higher private investment for long-term productivity and sustainable economic expansion, said former member of the Economic Advisory Council to the Prime Minister (EAC-PM) Surjit Bhalla.

Speaking to ANI on the sidelines of "Elara India Dialogue 2026: Aswamedh-India Renaissance" in Mumbai on Monday, Bhalla further noted, private investment has historically delivered higher productivity gains than government investment, noting that public investment is largely directed towards infrastructure, which can provide an immediate economic boost but tends to generate lower returns over time.

"You need government investment, but f...