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 today's episode 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. Listen in.
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