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Published On: Tuesday, June 1, 2021 | By: Team KnowMyStock
According to experts although FY22 will see strong growth, mainly because of the lower base of FY21 (worst economic growth performance of the post-independence era), the consumption and investment outlook remains bleak.
“Due to base affect both consumption and investment growth will remain positive in the first half of FY22. However, it will be too early to term this a revival on account of a host of factors. The monthly core infrastructure data is still patchy and uneven. Due to localised and regional lockdowns, non-essential sales are not taking place and inventories are being piled up with manufacturers/stockists" many economists opined.
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