With nearly half of the fiscal year behind us, the economic recovery is increasingly looking on a more solid ground and offers confidence. The sequential momentum as economic activities open-up, vaccinations gather pace, personal mobility recovers and festive season commences, is expected to improve as we head into the second half of fiscal 2021-22 (H2-FY22). It is perhaps also the right time to start to look beyond FY22, in a bid to ensure that growth impulses remain intact over the medium-term horizon. It is in this spirit, that the working modalities of the Bad Bank, aka NARCL i.e. (National Asset Reconstruction Company Limited) announced by the finance minister needs to be seen in.
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