India will see double-digit growth

The Central governments stimulus packages announced throughout the first half of FY 21 will result in India growing in double digits going ahead as against a degrowth estimated earlier, said India's leading industrialists.

“Looking at the better-than-expected revival in various sectors and due to the government's stimulus packages announced...we will grow more than 10 per cent,” said founder and chairman of Vedanta Resources Limited, Anil Agarwal, while addressing a session organised industry body, ASSOCHAM on Tuesday.

ASSOCHAM stands for Associated Chambers of Commerce and Industry of India and it is one of the apex trade associations of India.

“The Government has announced various stimulus packages after which I see sectors like steel, cement, power and infra growth rate to be unbelievable at 8 -10 per cent. And steel alone is growing at 11 per cent this quarter, which is quite phenomenal,” said chairman of JSW Group, Sajjan Jindal during the same event.