India Inc shifts capex cycle into higher gear, but can it keep up the pace?

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Indian companies’ capital expenditure (capex) cycle, a harbinger of growth, picked up pace in the last financial year buoyed by inorganic expansion at a time when an economic slowdown is creating apprehensions in corporate corridors. Publicly listed Indian companies spent a record Rs 6.9 trillion (nearly $100 billion) in building capacity ......