India is trying to the economy and there is a likelihood of slowdown in the growth momentum, says Japanese financial services firm Nomura.
It said that while improving urban consumption demand and a robust transportation sector are supporting growth, weak external conditions and sluggish investment demand are weighing on the pace of the recovery.
It said that while improving urban consumption demand and a robust transportation sector are supporting growth, weak external conditions and sluggish investment demand are weighing on the pace of the recovery.
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