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.