Indian private sector must boost capital expenditure to support sustainable, long-term growth and job creation, according to industry leaders and policymakers. Speaking at the Economic Times Awards for Corporate Excellence in Mumbai, Amitabh Kant, Uday Kotak, Sanjiv Mehta, Sajjan Jindal and Preetha Reddy said services provide a strategic advantage, but manufacturing needed to fire. The investment could encourage greater support for R&D and India becoming a reserve currency of the world, said the panel.