Private sector capex likely to improve among rising biz confidence: CII

Private sector capital expenditure (capex) in India is likely to increase, driven by rising business confidence, according to a report by the Confederation of Indian Industry (CII). The report highlights a positive shift in corporate sentiment, with companies looking to invest in capacity expansion and technology upgrades. Key sectors such as manufacturing, infrastructure, and services are expected to lead the charge. This resurgence in capex is seen as a sign of economic recovery post-pandemic, with businesses becoming more optimistic about long-term growth prospects.