CMIE data shows new investment intentions in first half of this year are up 20 percent to over 8 trillion. Capex bellwether company Larsen & Toubro reported a 13 percent growth in its order book to a record 3.7 trillion. The central government's actual capex spend is 50 percent higher than in the first half touching 3.42 trillion.
In this segment of Indianomics, R Shankar Raman, Chief Financial Officer (CFO), L&T, Mridul Saggar, former MPC member and RBI Economist and Mahesh Vyas, Managing Director and CEO of Centre for Monitoring Indian Economy Pvt Ltd, assess the capex cycle and the capex growth. Listen in.
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