homevideos Newseconomy NewsManufacturing sector shows signs of revival; experts discuss role of lenders in recovery
Manufacturing sector shows signs of revival; experts discuss role of lenders in recovery
Manufacturing sector, which was the worst hit due to the coronavirus pandemic, is also showing signs of a turnaround. After a contraction of 1.7 percent in November, the sector saw an output growth of 1.6 percent in December.
As the COVID-19 infection curve flattens, the Indian economy is staging a strong recovery. Ratings agency S&P expects India to clock a growth rate of 10 percent in FY22 -- the projection is in line with the economic survey's expectation of 11 percent growth.
S&P also believes that India’s near-term prospects are positive and Budget 2021 will support the recovery.
Manufacturing sector, which was the worst hit due to the coronavirus pandemic, is also showing signs of a turnaround. After a contraction of 1.7 percent in November, the sector saw an output growth of 1.6 percent in December.
In the special show, ‘Rising With Resilience’, CNBC-TV18’s Shereen Bhan spoke to Ashish Agarwal, Global Head of the Wholesale Banking Division at Yes Bank; Harshvardhan Lunia, CEO and co-founder of Lending Kart; Ajay Nair, Partner and Leader of the Supply Chain Transformation Division at PWC India; and Dhruvil Sanghvi, CEO at Loginext, to understand how the manufacturing sector responded to the disruptions caused by COVID-19 and what lessons it has learnt regarding cash flow and supply chain management. They also discuss the role of lenders in helping the sector speed up its recovery.
Watch video for more.
(Edited by : Bivekananda Biswas)
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