The Missing Link: Why India’s Private Capex Cycle Remains Uneven
Despite India’s robust GDP growth, the nation’s private capital expenditure (capex) cycle remains frustratingly uneven, with economists pointing to tepid consumer demand as the primary bottleneck. Bank of Baroda Chief Economist Madan Sabnavis recently highlighted that while government-led infrastructure spending has surged, private sector participation lacks the broad-based momentum necessary to sustain long-term economic expansion….