New Delhi, Oct. 14 -- India's leading companies are likely to double their capital expenditure over the next five years, with total corporate spending projected to reach about $800 billion by FY30, according to a report by S&P Global Ratings.

The agency attributed the anticipated surge to robust revenue and profit growth, alongside a strong infrastructure pipeline.

He added that supportive government policies promoting domestic self-sufficiency, export growth, and supply-chain development are spurring private-sector investment.

The report noted that India's upcoming investment cycle mirrors China's corporate capex boom of the 2000s, driven by favourable policies and rapid expansion.

However, S&P highlighted that Indian companies may f...