Analysts said the higher capex by PSUs, along with government spending, could trigger a capex revival for the corporate sector by the second half of FY17
Dollar debt and higher import cost might impact earnings by up to 30%.
Given the stability of the rupee over the last 10 months, many companies have been tempted not to hedge their foreign currency risk.
India grew at 7.6% in 2015-16 and at 7.2% in 2014-15.
A sluggish economy and stalled bureaucratic decision-making for the past two years thwarted capital investment and dented earnings, making it tough for the companies to raise funds.
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