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Diminishing Risk Appetite A Concern: Citi

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September 16: The FY14 growth is going to be slow with a small bounce from agriculture, says Aditya Narain, MD & India Equity Strategist at Citi. “FY15 will be more challenging on high growth expectations; to get material growth, we will need the investment cycle to pick up now or in the next few months,” he says. However, we’ve been seeing a diminishing risk appetite, which is a concern as it slows the pace of recovery, he says.