Increased demand for air travel and hotel stays by small business owners like Mehra, accompanied by a rise in rural incomes and spending after two good monsoons, is helping the pandemic-hit Indian economy slowly recover. "Demand from large corporates and international travel will take longer to recover. India's biggest carrier IndiGo and rival Vistara are seeing an uptick in business travel but to a much smaller extent than before. Lack of adequate and safe public transport in small towns and villages has also pushed up demand for cars and motorcycles. "While Bharat (rural India) is leading India in terms of a recovery, it cannot carry India," he said, adding that steady, long-term demand will depend on improving economic factors, growing incomes and a rebound in urban markets.

Source: bd News24 November 29, 2020 03:00 UTC