Lighthouse Canton sees India entering second investment boom as capital formation accelerates to 11.9%
Lighthouse Canton flagged a turning point in India’s capital formation cycle, calling it the first capex supercycle since 2003-2008. 1QFY27 gross fixed capital formation rose 11.9% YoY; the capital formation-to-nominal GDP ratio increased to 34.3% from 31.4%. Manufacturing GVA growth accelerated to 9.2% from 8.3%, lift