New Delhi, March 11 -- India's capital expenditure (capex) growth is expected to moderate to single digits over the next two years after witnessing strong growth in recent years, according to a report by SBI Mutual Fund.

The report highlighted that the government's capex had grown at an impressive 30 per cent compound annual growth rate (CAGR) during FY22-24, significantly boosting the capex-to-GDP ratio.

It said, "Given the elevated base of 15 per cent CAGR in last four years (FY22-FY25), corporate capex (public and private combined) is likely to moderate to mid-single digit in FY26 and FY27".

The report also mentioned that the budgetary support helped push government capex from around 4 per cent of GDP to approximately 6 per cent by ...