The robust capital expenditure revival cycle is expected to be the prevailing investment theme shaping the trajectory of Indian equities markets in 2024, offering long-term investment opportunities in sectors including defence, infrastructure, railways, and others, according to Harsha Upadhyaya, CIO – Equity, Kotak AMC.
The optimism extends towards substantial capex expected in the coming 5-6 years, and stems from the combined central, states, and private expenditure ballooning to Rs 23 lakh crore in 2023 from Rs 1 lakh crore in…