India's Capex Revival: Manufacturing & New-Age Sectors Lead, Services Lag
Economy
C
CNBC TV18•07-01-2026, 14:23
India's Capex Revival: Manufacturing & New-Age Sectors Lead, Services Lag
- •India's capital expenditure (capex) cycle shows early signs of private investment revival, with government support.
- •Current capex cycle differs from previous ones, driven by new sectors like metals, renewables, electronics (PLI), and chemicals.
- •Manufacturing capex is strong, while services, large infrastructure, and PPP-led investments remain weak.
- •Experts Teresa John (Nirmal Bang) and Sameer Narang (ICICI Bank) highlight manufacturing and new-age sectors as key drivers.
- •Government spending, particularly in railways and defence, is crucial, with central government capex at 3% of GDP.
Why It Matters: India's capex revival is led by manufacturing and new-age sectors, with government support filling gaps.
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