Higher rate of Covid-19 infections in the rural areas can adversely impact two-wheeler sales. CRISIL revised its two-wheeler volume growth estimates at 10%-12% against 18%-20% earlier.
The Economic Survey has identified key areas for the government to focus on, such as manufacturing and healthcare. In essence, India needs to build an economic resilience to take on the next crisis.
India is likely to recover faster than the rest of the world from the economic turmoil caused by Covid-19, with new opportunities presenting themselves, says Biocon chairperson.
