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The Capex Conundrum

BW Businessworld

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October 04, 2025

INDIA’S GROWTH STORY has found new legs - some say borrowed from public investment, others say fuelled by a recovering appetite for consumption. Either way, the numbers look juicy.

- Ashish Sinha

The Capex Conundrum

Private Final Consumption Expenditure (PFCE) has bounced back to its pre-pandemic mojo, averaging 6.7 per cent in the period between FY 2023 and FY2025, thanks to rural demand recovery, GST tweaks and inflation behaving less like a villain. Meanwhile, Gross Fixed Capital Formation (GFCF) is flexing at 8.1 per cent, above its pre-pandemic average of 7.4 per cent, largely because the government has been splurging on highways, pipelines, and

BW Businessworld'den DAHA FAZLA HİKAYE

BW Businessworld

BW Businessworld

A NOVEL THAT GLIDES THROUGH MANY REALMS

Journalist Nikhil Kumar strides into the arena of fiction with aplomb. His novel navigates continents and decades, capturing both the rarified world of architecture and the intimate spaces where relationships fracture

time to read

2 mins

December 13, 2025

BW Businessworld

BW Businessworld

"Huge Capacities Are Required"

DV Kapur on India's energy future, the need to balance coal and renewables, his eponymous foundation, and much more

time to read

2 mins

December 13, 2025

BW Businessworld

BW Businessworld

METAL, MUSIC & MOTORCYCLING

From the new Bullet 650 to the Flying Flea C6 and S6 electric scrambler concept, Motoverse 2025 brought together heritage motorcycles, next-gen EVs, riding culture and a vibrant global community

time to read

5 mins

December 13, 2025

BW Businessworld

BW Businessworld

Redefining Unalloyed Nationalism

In My Idea of Nation First, author UDAY MAHURKAR argues that India's future governance is inseparable from its understanding of the past,\" writes Srinath Sridharan

time to read

3 mins

December 13, 2025

BW Businessworld

BW Businessworld

"We have consistently delivered an annual ROI of approximately 40 per cent"

Dushyant Singh, a food & beverage entrepreneur, has over 15 years of experience in building F&B brands, including On The House, Rustic, and The Lama. BW Businessworld recently caught up with Singh to chat about his latest venture, Coffee Sutra, a favourite among coffee aficionados in Jaipur. Excerpts

time to read

4 mins

December 13, 2025

BW Businessworld

BW Businessworld

"The AI Race Won't Be Decided By Models & Tokens, But By Economics"

PHILIPP HERZIG, Chief Technology Officer at SAP, discusses the changing mandates of tech leadership, the next phase of AI adoption, SAP's rapid progress with Joule and RPT1, and why India is core to SAP's future, in an interaction with BW Businessworld's Rohit Chintapali. Excerpts

time to read

4 mins

December 13, 2025

BW Businessworld

BW Businessworld

“The genie is not going back in the bottle”

Al will reshape commerce faster than any previous industrial shift, and businesses must now design for scale, trust and permanence rather than novelty, says DIARMUID GILL, Chief Technology Officer, Criteo, in this conversation with Noor Fathima Warsia

time to read

2 mins

December 13, 2025

BW Businessworld

BW Businessworld

PREMIUM PUSH

With Aston Martin watches and 200 new exclusive stores, Timex India sharpens its premium ambitions and long-term growth play

time to read

4 mins

December 13, 2025

BW Businessworld

BW Businessworld

Carrot & Stick Game

Unlisted shares are typically valued based on demand–supply dynamics, rather than on core fundamentals, as detailed financial information is usually limited

time to read

3 mins

December 13, 2025

BW Businessworld

BW Businessworld

STEADY ASCENT

In a fiercely competitive market, can home appliances and durable company Kenstar's calibrated expansion across categories and towns unlock its Rs 3,000-crore revenue ambition?

time to read

6 mins

December 13, 2025

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