Over the past decade, India Inc. has deleveraged, improved profitability, and strengthened equity buffers. With utilization levels rising, conditions are aligning for a fresh private-sector capex cycle supported by renewed borrowing demand. In a high-growth scenario, corporate borrowings could expand to ₹200 lakh crore, with banks capturing nearly ₹100 lakh crore – implying ~16% annual corporate credit growth over five years. Policy tailwinds viz. infrastructure spending to PLI and Make in India are crowding in private investment. Together, this creates a rare alignment where corporates want to borrow, banks want to lend, and the government is enabling growth, setting the stage for a major credit upcycle.
What you can expect from this report:
- How India Inc. strengthened balance sheets and improved fundamentals
- Borrowing estimates for the upcoming capex cycle & banks’ lending headroom
- Key demand catalysts shaping the next credit upcycle
- Which sectors will lead the investment boom—and why
- Government spending outlook & the crowding-in effect