Demand, supply chain disruption may see pvt manufacturing shrinking in FY21.

by mehekkaoberoi
  • The Reserve Bank of India’s (RBI’s) estimate that India’s economic growth will decelerate in the first half of the current year is largely on the back of demand and supply chain disruptions in the manufacturing sector, especially in the private sector.
  • Corporate sector growth, which has a share of over 75 per cent in manufacturing growth, would need a few more months to get back to normal production, provided demand picks up.
  • Analysts on engineering and capital goods, for instance, said revenue for the first quarter of FY21 would take a 20 to 50 per cent hit.
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