Kotak expects reforms to trigger faster recovery

New Delhi: Continued focus on reform measures ushered in by the government will trigger a faster recovery of the economy with the industry confident of a bounce back sooner than expected, provided there is no second wave of pandemic, CII president Uday Kotak said. “The determination of the government to meet the challenges by pushing through some long pending reforms like the labour reforms and those for the farm sector apart from the call for an Atmanirbhar Bharat have helped improve the confidence of the industry,” Kotak said on Wednesday.“We expect economic activity to continue to normalise further in the coming months,” Kotak said, adding the resilience in the rural economy, helped by a buoyant monsoon season and government spending coupled with an accommodative monetary policy environment is expected to cushion economic activity.

from Economic Times https://ift.tt/3d9CLPp
via IFTTT