The monsoons are here and looking good, but India Inc is still hedging its bets on how beneficial it would be to the industry.
While cement, fertiliser, tyre, steel and some auto manufacturers expect business to grow in the next three to four months, others like FMCG and two-wheeler companies expect little improvement in fortunes despite the steady rains.
Fertiliser companies expect the market to grow by at least 4-5 per cent this year compared to a de-growth of 6-7 per cent last year.
Says HS Bawa vice chairman of Chambal Chemicals & Fertilisers and managing director of Zuari Industries: