India's growth is estimated at 7.2% in FY19 (6.7% in FY18). While government and private consumption are weak, investment activity is upbeat at 12.2% in FY19. India's near-term growth momentum is likely to remain weak on the back of fiscal concerns and weak global outlook. However, with capacity utilisation at 76%, investment outlook is far better. Growth is expected to improve in FY20 to 7.3% on the back of sustained capital spending. Recent dip in oil prices will...