The phoenix-like rise of private capex, and why we should thank ‘creative destruction’ for this

This time it’s different. And it has come after a long wait of nearly 15 years. This time around, there is a sweet coincidence as well. At a time when India makes a perfect landing on the moon, a key segment of the economy is starting to fire on all cylinders— private capex is getting its feet on the ground. In the classic sense of economist Joseph Schumpeter’s creative destruction, large companies have taken over the march, smaller firms have