The year 2021 has begun with expectations running high on the economic front. Pandemic had dealt a body blow to the economy and businesses alike. Especially in the first quarter, the economy contracted by 24% which was simply unprecedented. However, the second quarter’s contraction narrowed significantly than anticipated. The onset of festive season and the green shoots of revival in subsequent months have led to a new resurgence in sentiment. It is expected India is cruising towards ‘V’ shaped recovery.
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