India’s Corporate Capex to Nearly Double by 2030, Reaching $850 Billion

India is getting ready for its biggest investment wave in over ten years, according to S&P Global Ratings. The country’s companies plan to spend around $850 billion by 2030. Most of this money will come from their own earnings, not from loans, which means they can grow while keeping their finances healthy.

This massive investment push is focused on building infrastructure, improving power supply, expanding airlines, and growing renewable energy. If all goes well and the economy stays steady, this spending could help India grow fast without taking on too much debt.

Infrastructure projects, especially in power, roads, and transport, are expected to get the most money. Spending in these areas could double. Industries will also invest more, possibly 40% to 50% more than before. Aviation and clean energy will take about 15% of the total spending, but nearly 40% of the new investments. India has big plans for renewable power, aiming to build between 200 and 500 gigawatts of green energy. To support this, the country may need to spend about $100 billion on better power transmission.

The aviation sector is also taking off. Indian airlines have already placed orders for over 1,600 planes to be delivered by 2030. The number of airports is set to rise from 150 to 220. S&P says that investments in airports could even double or triple in the coming years. Government-backed financial institutions like Power Finance Corporation, REC, and IREDA are likely to be key in funding this progress.

Overall, this large capital expenditure cycle demonstrates India’s strong focus on long-term development, with companies poised to invest significantly to support the country's growth story.