The central government's capital expenditure (capex) is expected to slow in the remaining part of FY26 as a large part of the spending was front-loaded in the first half of the fiscal year, highlighted a report by Morgan Stanley.
The report mentioned, "We anticipate the MPC to cut rate by 25bp and potentially guide for more cuts. Demand conditions continue to often, as seen in slowing credit growth, auto sales, RE sales and HH wages while inflation too has turned quite soft, hovering below 4 per cent on a 3MMA basis,