Indias economic recovery from the Covid lows has been quicker than expected and has come as a pleasant surprise for the markets. While India’s recovery from the pandemic lows was slow to begin, we have witnessed a strong acceleration in economic activities over the past few months due to reopening of the economy and festive demand. Given the positive sentiments we see continued momentum in cyclical sectors like auto, banking and consumer durables. We also expect that sectors with strong revenue visibility like chemicals, IT and pharmaceuticals will also continue to do well.
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