Firms cautious of capex amid global uncertainties: BofA
Though a conservative financier, BofA expects sectors such as telecom, real estate and power generation to be the main drivers of private capex, which would in turn boost credit growth
MUMBAI : Capital expenditure by India’s private sector ay take one to two years to recover as companies remain cautious amid the global uncertainty, a top Bank of America (BofA) executive said.
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