Recently Released Market Study: India Infrastructure Report Q3 2012
BMI View: We remain convinced that the construction sector's fortunes will improve in FY2012/13 as monetary conditions are already becoming conducive for construction. As such, we are maintaining our real growth forecasts for the construction sector at 7.2% in FY2012/13. However, the lack of willingness to carry out regulatory reforms during the FY2012/13 budget announcement is concerning for the outlook of the 12th Five-Year Plan. Therefore, we have revised down our medium-term construction forecasts, with real growth for the sector...
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