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Higher budgetary allocations to accelerate recovery in construction sector: Ind-Ra ANI | Updated: Mar 09, 2021 11:59 IST Mumbai (Maharashtra) [India], March 9 (ANI): India Ratings and Research (Ind-Ra) on Tuesday revised its outlook for the construction sector outlook to improving in the next financial year (FY2021-22) from negative in FY21. Increased focus on infrastructure spending in the recently announced Budget for FY22 where healthcare, water (including irrigation), roads and railways have seen strong allocations will result in higher order inflows to the sector. Ind-Ra thus said that sector revenue will grow by 15 to 20 per cent year-on-year in FY22. The agency also revised the rating outlook on its rated construction companies to stable from negative on account of likely recovery trajectory of engineering, procurement and construction (EPC) players after registering two consecutive years of revenue decline. ....