Budget 2024: India Inc awaits consumer demand uptick to go on capex spree

CEOs expect govt capex of Rs 11.11 trillion to boost demand

Chief executive officers (CEOs) across sectors have expressed intentions to expand capacities, expecting the government’s target to invest a record Rs 11.11 trillion on infrastructure development will act as a catalyst for a jump in consumer demand.

“With the government planning a capex of Rs 11.11 trillion, private sector investment will come in a big way. Companies will be preparing for it right from today," H M Bangur, chairman of Shree Cement, told Business Standard.

For the past few years, the investment scene in India has been dominated by government capital expenditures; private investments in