From capex to consumption: A strategic shift in market sentiment

The capital goods sector has declined for six of the last seven months due to high valuations. The 2025 Union Budget shifts focus from capex-led growth to boosting consumption via tax cuts, benefiting sectors like FMCG, consumer durables, automobiles, real estate, retail financing, and banking. The capital goods sector has declined for six of the last seven months due to high valuations. The 2025 Union Budget shifts focus from capex-led growth to boosting consumption via tax cuts, benefiting sectors like FMCG, consumer durables, automobiles, real estate, retail financing, and banking.  Economic Times