Last year, there was a distinct sense of optimism and relief as markets had gradually opened up. Due to the pent-up demand, the businesses optically looked good and seemed poised to grow. But the current situation is quite a contrast. Some pockets of the economy like real estate and infrastructure are seeing good traction. But is that enough?
The past year and a half has been a rollercoaster ride for businesses, thanks to the pandemic. Buying behaviour of the consumer has seen a number of changes. Add to that supply-chain issues affecting the business environment on a whole. Some of these changes were structural in nature and others were temporary. But in reality, it is very difficult to segregate which effects are structural and which ones will wane away. If we consider the
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