city New Delhi India virus infection Waves city New Delhi India

ITC sees subdued urban recovery post covid 2.0

Reading now: 910
www.livemint.com

NEW DELHI : ITC Ltd has flagged “heightened uncertainty" around the timing and shape of India’s economic recovery trajectory following the second wave of covid-19 infections.

Urban recovery could be muted compared with the first wave, and the spread of infection to villages may impact rural demand, said the hotels-to-cigarettes conglomerate.

A rapid pace of vaccination and a stronger healthcare infrastructure would be critical to mitigating the impact of any impending outbreaks, it said in its annual report for FY21.

It expects rural demand, robust in FY21, to be impacted because of the virus spreading to rural areas on a relatively larger scale than the first wave.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA