In the wake of the pandemic, industry body Assocham in its latest report has said that there are signs of improved consumer confidence in several key sectors, including hospitality, of the economy. It also noted that activities in construction and renovation have been on a pick-up for the past few months leading to return of migrant workers for gainful deployment.
The industry body said ''Our feedback from our member companies, including those in the SMEs points towards steady pick-up in economic activities with notable gains visible in retail trading, malls, food business and inter-state travel''.
According to the industry body Assocham, though on a low base, the Indian economy should close the financial year 2021-22 with a double-digit growth, sustaining the catch-up mode.
