Q2 numbers will be high. I expect double-digit growth this fiscal: Chief Economic Adviser KV Subramanian

Had there been no second wave, the Q1 growth rate would have been close to 30%. As retail outlets in malls and markets were closed in May and June in many states, the total consumption declined. The quarterly numbers right from last year — sharp decline in Q1 and subsequent rise — were only a reflection of ab- sence or presence of restrictions. So the criticism of con- sumer demand not being back as yet is not valid.

from Economy-News-Economic Times https://ift.tt/2WNhsiT
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