- Capex revival and increased infrastructure spending by the government are likely to be among the key drivers of the Indian economy in 2023, according to analysts.
- Analysts say they are already seeing multiple green signals of higher capacity utilisation levels, higher capital spending and de-leveraged balance sheets which point to a capex cycle revival.
- While India’s economy will be punctuated by global headwinds, it is still estimated to grow in the 4.8-5.9% range in 2023, outpacing the 1.8% projected global growth.
The Indian economy’s growth expectations in 2023 will be punctuated by global headwinds – mainly a demand slowdown and geopolitical overhangs, according to analysts at Kotak Economic Research. While India’s GDP growth is projected to be between 4.8-5.9% next year by global agencies, these “negative surprises” remain a risk factor.
According to analysts,…
