ETMarkets Smart Talk: India’s investment cycle turning; capex, power automation to lead growth, says Devang Mehta

India's investment cycle is turning upward, driven by government capex and improving liquidity. Devang Mehta of Spark Capital anticipates growth in power automation, renewables, and engineering sectors. Despite mixed Q2 results, management commentary suggests an earnings revival in the latter half of FY25, supported by policy stability and consumption recovery.