Recent trend of slowdown in Capex to GDP and pick up in consumption a concern: Nuvama Equities

New Delhi [India], September 6 (ANI): India is witnessing a phase where consumption is outpacing capex or capital expenditure, a trend which was seen during the pandemic.

According to a report by Nuvama Wealth Management, in the past two quarters, the capex to GDP ratio in India has shown signs of deceleration, while consumption to GDP is picking up, a trend reminiscent of the pre-pandemic era.

India's capex (capital expe