India's Corporate Capital Spending to Reach $800 Billion by 2030
According to a report by S&P Global Ratings, India's leading corporates are expected to double their spending and capital expenditure over the next five years.
This growth is driven by rising revenues and profits, with S&P projecting India's corporate capital spending to reach approximately $800 billion from fiscal 2026 to fiscal 2030, largely driven by infrastructure investments.
An additional $1 trillion investment is expected from fiscal 2031 to 2035 for advanced research and development, the report noted.
India's corporate growth is similar to China's corporate growth in the 2000s, with a huge revenue surge expected for India's top companies.
The report highlights the significant increase in corporate capital spending, with a total of $1.8 trillion expected from fiscal 2026 to 2035.
Author's summary: India's corporates to double capex to $800 billion by 2030.