Indian economy heading towards V-shaped recovery, says Assocham

India’s economy is showing decisive signs of a ‘V-shaped’ recovery in 2021 with the return of consumer confidence, robust financial markets, an uptick in manufacturing, and exporters braving it out in the global market with never-say-die spirit, Assocham said on Sunday. 

The industry chamber said it expected immense accruals of economic benefits from the Covid-19 vaccination programme about to be rolled out. 

“The high-frequency data is a strong pointer to a V-shaped recovery in 2021 with the seeds bursting into green shoots over the last two months of 2020 itself,” Assocham Secretary General Deepak Sood said.  

India’s GDP is estimated to contract by