Indian economy to see V-shaped recovery in 2021: Assocham

by Nidhi Bhati

The Indian economy is showing decisive signs of a V-shaped recovery in 2021 with key economic indicators showing signs of revival, according to Assocham Secretary General Deepak Sood. The most definitive of the data is the record collection of Rs.1.2 trillion in the Goods and Services Tax (GST) during December 2020, he added. Sood believes that the Budget for 2021-22 would act as a major growth catalyst. He expects the entire healthcare value chain from hospitals to medical education, primary health centres, scientific laboratories and further to the pharmaceutical industry along with the logistics to receive a booster shot of support from the forthcoming Budget. Assocham also expects immense accruals of economic benefits from the Covid-19 vaccination programme scheduled to be rolled on 16 January 2021.