India's economic recovery 'delayed' not 'derailed': L&T chief A M Naik

Says given the scale of India's infra deficit, the company is optimistic about govt's intent to complete projects as envisaged in the National Infrastructure Pipeline

Staying cautiously optimistic amid the ongoing pandemic, with the country's gross domestic product (GDP) regaining positive, Larsen & Toubro’s outlook for FY22 is that the economic recovery is ‘delayed’ and not ‘derailed’.

Laying thrust on the infrastructure sector, A M Naik, group chairman at Larsen & Toubro today said given the scale of India’s infrastructure deficit, the company is optimistic about the Government’s intent to complete projects as envisaged in the National Infrastructure Pipeline. "...your company is poised to capitalize on these opportunities as they emerge," he added.

“Since infrastructure investments serve twin benefits of improving productivity and generating employment,