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.
The report highlighted similarities to China's corporate growth in the 2000s and India's corporate growth, expecting a huge revenue surge for India's top companies.
The report's findings indicate a significant increase in corporate capital spending, driven by infrastructure investments and research and development.
Author's summary: India's corporates to double capex to $800 billion by 2030.