Second wave may lead to some reassessment of economic growth estimates: Kumar Mangalam Birla

New Delhi: The deadly second wave of Covid-19 may lead to some reassessment of India’s economic growth rate in the current fiscal but the long-term prospects for the country continue to remain robust, Aditya Birla Group Chairman Kumar Mangalam Birla has said. The silver lining, however, was the lesser severity of disruptions to production and supply chains during the second wave of the pandemic than during the first wave, said Birla in the latet annual report of group firm UltraTech Cement Ltd.

Moreover, a pick-up in vaccination would support faster normalisation of mobility levels and of related economic activities, the veteran industrialist added.