Anish Shah, Group CEO & MD, Mahindra Group on March 7 said he's very optimistic about Indian economy and that "it's just a matter of time that private capex will happen".
Speaking at Moneycontrol Global Wealth Summit 2025 at a session titled "India's Road to $10-trillion m-cap by 2030", Shah said, "Very optimistic on the Indian economy, it is just a matter of time that private sector capex will happen. Would give a lot of credit to the government for staying consistent on capex because the multiplier effect is far greater. From a private sector standpoint, capex will depend on capacity utilisation."
Private sector capex will follow as we are optimistic about Indian economy, Shah added.
He also gave an update on Mahindra group's future outlook.
"Haven't seen a slowdown due to a function of products we've had. Our SUVs will grow at 20% on year and for the farm business, we expect a 15% growth in Q4. Our hospitality business is seeing 80-85% utilisation," Shah said.
Lot of corporates are taking decisions based on market capitalisation rather than profitability, which is a challenge, added Shah.
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