Awarding of road construction projects by National Highway Authority of India (NHAI) have remained tepid for the second year in a row. A report by Nuvama Institutional Equities noted that pace of construction of roads however increased.
Driven by increased distribution of freebies and a positive sentiment from good monsoon, the rural market in India's fast-moving consumer goods (FMCG) sector continues to outperform urban areas, according to a recent report by Nuvama Institutional Equities.