Market Report, "India Food & Drink Report Q4 2012", Published
Sentiment towards India's growth story is at a low ebb. Not long ago, the mainstream view was that 8% growth would be the new norm on the back of the country's demographic dividend, huge infrastructure push and consumer boom potential. Fast forward to today, consensus expectations have capitulated spectacularly and, in our opinion, came down too far. We do not expect a particularly robust rebound and are mindful that major tail risks, ranging from a eurozone breakup to a poor...
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