Corporate India is gearing up for substantial investment growth, with a forecasted doubling of capital expenditure to $850 billion in the next five years. The power & transmission, airlines, and emerging green hydrogen sectors are poised to lead this investment drive. This surge in spending is fueled by strong balance sheets, robust cash flows, and supportive government policies, propelling companies to expand and enhance their operations. The emphasis on internal funding by major listed companies, combined with deeper domestic funding markets, points towards a sustainable investment approach that aims to maintain manageable leverage levels. Renewable energy projects and grid infrastructure are highlighted as major focus areas within the power & transmission sector, aligning with India's ambitious renewable energy targets. Additionally, airlines in India, particularly Indigo and Air India, are primed to significantly expand their fleet sizes through substantial investments in new aircraft. Apart from traditional sectors like steel, cement, oil & gas, and auto, emerging sectors such as green hydrogen, semiconductors, and battery plants are also attracting significant investments. The maturing onshore bond market and increasing offshore demand, especially for green bonds, are providing additional avenues for funding these high-capex ventures. While the investment cycle is expected to position several Indian companies as global leaders in various industries, there are cautionary notes regarding credit risks, particularly in sectors like renewables and greenfield airports. Overall, the corporate capex boom in India is viewed as a strategic move towards enhancing long-term competitiveness and industrial capacity, with the potential to elevate the country's economic landscape.