India’s auto sector is looking for a rebound as consumer spending returns to growth this year. India’s GDP growth is expected to see a 7.9 per cent contraction in 2020-21, with growth accelerating to around 12 per cent for 2021-22, in part because of the low GDP base effect. All these factors will lead to a bounceback in growth in the coming year,” says Chandrajit Banerjee, Director General at CII. All these factors will lead to a bounceback in growth in the coming year. - Dr Rumki Majumdar, Associate Director and Economist with Deloitte IndiaInternational audit and consulting firm Deloitte also expects double-digit growth in India’s GDP in the financial year 2022 in the light of the best-case scenario.

Source: Ethiopian News January 26, 2021 08:03 UTC