Private sector capex to intensify, catch up with robust government capex: PhillipCapital report

New Delhi [India], December 12 (ANI): India's capital expenditure cycle is already robust and sustainable, and private-sector capex is poised to intensify it further, stock broking company PhillipCapital said in a report.

A capital expenditure, or capex, is used to set up long-term physical or fixed assets.

"We believe that we are at the beginning of India's capex cycle and that a lot more capex will be implemented from h