Private sector firms could turn big spenders, soon

​​Reliance Industries will dominate the mix with a large investment programme across oil-tochemical, new energy and digital services businesses, the report said. ​​Bharti Airtel, the second largest private investor, will spend huge sums on 5G rollout. The ratings agency said corporates rated by it will see a 10%-12% rise in capex in FY23 and FY24, even as it cautioned there were risks to this revival.