India’s manufacturing industries pin hope on a speedy recovery
The learnings from last year should help manufacturers handle the current situation better, say experts. They are also pinning hopes on vaccination.
Synopsis
There is still uncertainty on the demand front, and manufacturers are also hit by a shortage of raw material, restrictions on movements, diversion of industrial oxygen for medical use and infection among their own workforce. But companies haven’t yet cut their targets, hoping for a faster demand revival than that after the nationwide lockdown last year.
India’s manufacturing industries see an “immediate threat” but no lasting damage from the second wave of the pandemic, and expect pent-up demand to return immediately when the situation improves and offset much of the impact on business.
There is still uncertainty on the demand front, and manufacturers are also hit by a shortage of raw material, restrictions on movements, diversion of industrial oxygen for medical use and infection among their
