Waiting for revival

There is new optimism in boardrooms, driven by the recent improvement in both GDP growth and India Inc's financial performance. The long-awaited recovery may be around the corner

It is probably the longest and most anticipated wait in the history of corporate India. For nearly four years now, India Inc’s top honchos and investors in their companies have been waiting for the economy and corporate earnings to reclaim the high growth trajectory.
 
In 2014, Kumar Mangalam Birla, chairman of the Aditya Birla group, had written to the shareholders of group flagship company Grasim Industries: “The increasing traction of the global economic revival and plans to restore vim to India’s economy through a slew of timely measures by the new government should play out positively in the coming