Manufacturing sector shows signs of revival; experts discuss role of lenders in recovery

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.