India on cusp on capex revival; housing, power sectors to drive capital formation: Report

The housing sector in India has been struggling, but a report by Axis Capital suggests it could help revive the country’s capex cycle. Identified sectors like housing construction and power generation are expected to drive capital formation over the next six years. The report predicts investment-led growth, with the investment ratio rebounding to 34 per cent by FY30, according to Neelkanth Mishra, Head of Global Research at Axis.

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