Capital expenditure, or Capex, has been a driving force in economic theory. It refers to and involves any investments undertaken by businesses to enhance their long-run performance. In India, the government’s capex has been a significant fuel for economic growth, especially given the country’s state-heavy economic structure during the first four decades after independence. Following the 1991 Liberalisation, Privatisation and Globalisation (LPG) reforms, the private sector assumed a far more important role, raising the rate of economic growth to unprecedented levels. Thus, private capex has now become a critical driver of growth. However, until 2025, there was no macro-level survey to estimate and analyse private capex, impeding the potential and extent of policymaking.
How Indian Companies Plan to Invest: The First Private Capex Survey
