Road construction usually sees a drop in an election year as the execution of projects is delayed during the model code of conduct and project awarding is delayed in the financial year before the Lok Sabha elections.
The FMCG sector had been hit by inflation, uneven rains during the kharif season and the resultant weak sentiment of the rural sector. However, sentiment is positive for the sector in coming months over expectations that the government will initiate measures to boost rural incomes and demand.
Nageswaran also rejected the K-shaped recovery theory that is being used to describe India s post-pandemic rebound. According to him, it is akin to the phrase Hindu rate of growth that was