Hopeful Of A Multi-Year Capex Cycle, Says Kotak’s Sanjeev Prasad

The ingredients of a multi-year capex cycle — much needed for the Indian economy after years of consumption-driven growth—are in place, says Sanjeev Prasad, co-head of Kotak Institutional Equities.The cycle is likely to be led by household capex as people look to upgrade homes, followed by private sector investment which could get a boost from recent policy changes.“I’m hopeful about household capex, which is essentially money going ...