This is despite the announcement of expansion plans of some large companies, and is the outcome of the second wave
After the March 2020 market crash, all the major economies, including India, launched large monetary and fiscal stimulus packages to counter the slowdown
Analysts see more gains in Reliance Industries stock
While private capex has been rising in a moderate clip, government's capex growth rate has declined
Estimate based on moderate consumption demand, global overcapacity and the working capital disruptions owing to GST