India Inc hopeful of recovery in coming quarters
With the third quarter GDP growth rate coming in at 4.7 per cent ...
With the third quarter GDP growth rate coming in at 4.7 percent from the revised estimate of 5.1 per cent reported for the previous quarter, industry chambers and market experts say that they are hopeful of a rebound in coming quarters.
Industry body PHD Chamber of Commerce and Industry’s President D.K. Aggarwal said the growth is expected to improve further in the coming quarters. The plethora of reform measures and focus on consumption demand in the Union Budget 2020-21 will rejuvenate the growth trajectory and particularly boost rural demand and help manufacturing sector to post higher growth, he added.