India Inc optimistic about growth in 2021-22: Deloitte survey

by Nidhi Bhati

India Inc is optimistic about growth in 2021-22, as per a recent survey conducted by Deloitte Touche Tohmatsu India LLP (DTTILLP). They expect a strong push in the budget for the economy, business and industry. Of the 180 survey participants, 68 per cent industry leaders are positive about India’s economic revival. They believe that the mass vaccination drive, the government’s stimulus packages and policies, push to infrastructure and digitisation efforts are pushing growth. About 60 per cent survey respondents cited that incentivising infrastructure investments will provide the desired impetus to the sector. More than 50 per cent industrial products and manufacturing industry leaders said that credit support to micro, small & medium enterprises (MSMEs) would help their industries to rebound sooner.