India Inc plans to press the pedal on capital expenditure: CEO poll

59% expect markets to remain buoyant; rising prices a worry for 27%

Companies in India are planning to press the pedal on capital expenditure (capex) in the coming months to cash in on rising consumption demand and the government’s Rs 10 trillion investment in infrastructure.
 

A dipstick survey of 22 chief executive officers (CEOs) across India shows that over 86 per cent of the respondents have invested in the past one year and they plan to do more in the coming months.
 

Several CEOs said the government’s plan to invest Rs 10 trillion in new roads, highways, and railways would result in new orders for their companies. As a result, companies are