India's Corporates to Double Capex to $800 Billion through FY2030
A report by S&P Global Ratings states that India's leading corporates may double spending and capital expenditure over the next five years, driven by rising revenues and profits.
The report notes that India's corporate capital spending is projected to reach approximately $800 billion from fiscal 2026 to fiscal 2030, largely driven by infrastructure investments.
An additional $1 trillion investment is expected from fiscal 2031 to 2035 for advanced research and development, the report noted.
India's corporate growth is similar to China's corporate growth in the 2000s, with a huge revenue surge expected for India's top companies.
Author's summary: India's corporates to double capex to $800 billion.