Rural recovery needs construction activity uptick and more so property sector revival, which does not appear likely in CY16, says CLSA
Despite the downtrend in exports, commerce secretary Rahul Khullar says, the USD 300 billion target for FY12 is still within reach. However, he warns that if something untoward happens, either in US or in Europe or elsewhere, then the knock-off and contagion effects will hit everybody.