New Delhi, April 16 -- After a period of decline, private capex is expected to witness a significant recovery in the medium term, according to a report by Antique Stock Broking Limited.

"The outlook for private capex hasn't dimmed, and we believe that there is a growing possibility of a meaningful uptick in private capex in the medium term," the report said.

The share of private capital expenditure (CapEx) in India's Gross Fixed Capital Formation (GFCF) has dropped to a ten-year low of 33 per cent in FY2024, according to ICRA.

GFCF, which includes the gross addition to fixed assets and intangibles, forms about 30 per cent of India's nominal GDP.

The listed corporates increased their CapEx spending by 28 per cent in FY2023 and 12 per c...