Recently Released Market Study: India Infrastructure Report Q1 2013
BMI View: We are maintaining our FY2012/13 growth forecast of 6.0% for the Indian construction sector, despite the stellar performance seen by the sector in Q1 2012/13 (April-June). This is because we believe that relatively non-conducive monetary conditions, policy inertia and lacklustre infrastructure activity will continue to dampen construction activity for the rest of FY2012/13. Having said that, we believe that the outlook for the construction sector beyond FY2012/13 is brightening up. Not only are monetary conditions likely to improve...
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