India’s private capex moderates 2.8% to Rs 11.9 lakh crore in FY26 after record high in FY25: Report

India’s private capital expenditure (capex) cycle moderated in FY26 after touching a record high in the previous fiscal, with private capex rising 2.4 times over the broader FY15-FY26 period but declining 2.8 per cent to Rs 11.9 lakh crore in FY26 from Rs 12.3 lakh crore in FY25, according to a research report by Union Bank of India.