- Moneycontrol
Current infrastructure capex cycle likely to be wider and longer
Bhavin Vithlani
When discussing domestic capex cycles, the immediate reference point tends to be the 2003-08 period, which turned out to be a super cycle. The capital goods index rose by a staggering 25x during 2003-07, outperforming the benchmark Nifty Index by a wide margin (which was up 5-fold). There is widespread anticipation that India is likely to see a repeat of the 2003-08 cycle. Early indicators do seem to suggest that the building blocks are starting to fall into place.