Market Report, "India Infrastructure Report Q2 2014", Published
We have turned slightly more bearish towards the near-term outlook of India's construction and infrastructure markets and have revised down our forecasts for both sectors accordingly. This downward revision is because some of the factors that are already dampening construction and infrastructure activity - namely non-conducive monetary conditions, lacklustre infrastructure activity and political risk - have grown in prominence in recent months. That said, we believe a medium-term recovery could take place in India's construction sector and this is primarily...
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