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Data▼ Bearish for Indian equities
India road construction pace to slow to 21 km/day in FY27; state capex to outpace Centre: CareEdge
The brief
- Road construction is expected to slow to 21 km per day in FY27 from 25 km per day in FY26
- Lower highway awards and execution challenges are expected to slow construction
- Slower road execution may weigh on Indian road builders and infrastructure companies