India Inc's capital expenditure to get lift from high capacity usage

Capital expenditure by Indian companies is likely to see an uptick in the upcoming quarters as capacity utilisation has surpassed the critical threshold of 75 per cent, and numerous companies have deleveraged their balance sheets, according to analysts.
 

The first quarter of the current financial year has shown improved profitability, driven by a decrease in input prices. This, according to analysts at Care Ratings, should stimulate a revival in the private capex cycle. On a global scale, the monetary policy cycle is nearing its peak, with inflationary pressures slowly diminishing. They anticipate that the cost of money will begin to