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Gradual reduction of COVID cases provides room for recovery: PHDCCI – News


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According to the PHD Chamber of Commerce (PHDCCI), the gradual retreat of the second wave of the COVID-19 pandemic has left room for economic recovery following the negative effects seen in April and May this year. The index increased from a 9-month low of 91.5 in May to 110.3.

PHDCCI President Sanjay Aggarwal said the recovery has resumed with a reduction in the number of new coronavirus cases, gradual unlocking in various parts of the country, and coordinated economic reforms announced by the government.

At this point, the industry congress added that it would need to fuel household consumption and private investment drivers to increase aggregate demand in the economy, as it would have an accelerating impact on the expansion of domestic fixed investment. It was.

Fiber2Fashion News Desk (DS)

According to the PHD Chamber of Commerce (PHDCCI), the gradual retreat of the second wave of the COVID-19 pandemic has left room for economic recovery following the negative effects seen in April and May this year. The index increased from a 9-month low of 91.5 in May to 110.3.

Gradual reduction of COVID cases provides room for recovery: PHDCCI

Source link Gradual reduction of COVID cases provides room for recovery: PHDCCI



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