your first point …Let’s talk simple … apple to apple comparison. current capex as stated in my post is 3.6%.of GDP… What was that figure in 2000?
Your point 2…i do read /watch all brokerage reports. I respect all. try to learn …But finally i take my own decision based upon my own research and conviction.
Most brokerages never give the right advice. i have lost money in the past…
Two years back, brokerages were always against PSU , defence , railway…stocks when I invested aggressively.
For example , if a Pvt defence stock trades at 90 P/E TTM , people are ready to buy.
But a defence PSU stock trading at 30 p/e 12 TTM people say it is expensive. Further PSU stock gives a good dividend , pvt gives nothing. And the Pvt defence company gets order from PSU for sustaining its financial performance.This irrational behaviour of the market led me to invest in PSU stocks where i found deep value.
I understand the logic of non- performance of PSU stocks for decades. But things are changing with Modi regime given the state of economy, GDP, inflation, exports ,Fiscal prudence, etc
Today , the entire market is chasing these stocks. Those who did not ride these stocks , they would still say it is bad. 
because they have missed the bus.
So if I notice the Govt is taking a u turn in its decisions and if PSU don’t perform consistently , i will also take a u turn on my investment. I am not married. I have nothing to lose in PSU stocks as of today.
So the lesson is listen to all, do your own research and take your own decision on investments and that would pay you 
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