Unlock 5.0: Optimism returns, India Inc sees signs of recovery in economy

Some caution this is mere pent-up demand; others say it is sustainable and growing

worker, labour, migrants, construction, building, india inc, manufacturing, production
The Reserve Bank of India (RBI) said on Friday that it was prioritising growth over managing inflation, adding that the economy would bounce back to positive in the fourth quarter of FY21 with a 0.5 per cent growth

After months of gloom, there is finally some optimism. The heads of some of the country’s top companies say they see signs of recovery in the economy, which, they feel, will gradually grow as business activity picks up. Their confidence comes with India fully opening up businesses under Unlock 5.0. A survey by the Confederation of Indian Industry (CII) last week shows that chief executive officers (CEOs) expect over 50 per cent capacity utilisation in the second half of FY21, driven by a revival in business and consumer sentiment. Sectors from fast-moving consumer goods ...