Explained in brief: This is how IL&FS has hit construction industry

With liquidity crisis gripping NBFCs post the IL&FS fiasco growth in the construction industry has halved in recent months, said a construction equipment makers' body. All the stakeholders are working closely to overcome this crisis and the same will be eased by march if there is no stress in the system or other NBFCs.-- Arvind Garg, president, Indian Construction Equipment Manufacturers' Association