Don’t See Revival In Capex Cycle: Sonal Varma
  • Saba Ashraf
  • Aug 14 2013

August 14: Data points show capital investment has ground to a halt. Sonal Varma, ED and India Economist at Nomura Financial Advisory and Securities, says a capex revival is unlikely. “Companies and banks face balance-sheet issues that make borrowing and lending difficult amid uncertainty in the economy,” she adds.