• Lighthouse Canton flagged a turning point in India’s capital formation cycle, calling it the first capex supercycle since 2003-2008.
• 1QFY27 gross fixed capital formation rose 11.9% YoY; the capital formation-to-nominal GDP ratio increased to 34.3% from 31.4%.
• Manufacturing GVA growth accelerated to 9.2% from 8.3%, lifting manufacturing’s share after years of stagnation.
• CMIE data showed new private project announcements of INR 13.1 trillion in 1QFY27, up 70% QoQ and YoY.
• Thesis centered on AI infrastructure, renewable energy transition, defense indigenization; cited L&T order book at INR 7.79 trillion, up 27% YoY.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lighthouse Canton Pte Ltd published the original content used to generate this news brief on September 21, 2026, and is solely responsible for the information contained therein.