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Nuvoco Vistas Corporation hosted a conference call on January 22, 2025. In the conference call the company was represented by Mr Jayakumar Krishnaswamy-MD, Ms Madhumita Basu- Chief Strategy and Marketing officer and Mr Maneesh Agrawal-CFO.

Key takeaways of the call

H1FY2025 macroeconomic environment remained challenging and the India’s GDP growth remained much lower than anticipated due to deceleration in industrial growth and CAPEX. However, high frequency indicators available so far suggest that the slowdown in domestic activity bottomed out in Q2FY2025 and recovered gradually aided by festive demand and pick up in rural activities. A record kharif harvest and increased rabi sowing have contributed to a reasonable performance in agriculture and allied activities leading to an improvement in rural economic fortunes. India continues to be the fastest growing major economy. Although GDP growth moderated to 6.4% in the FY2025 primarily...

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