‘India Inc to keep up recovery in Q3 on festive boost’

The Indian corporate sector, which gradually returned to normalcy from the second quarter of the current fiscal, is likely to sustain improvement in the third quarter, aided by strong festive demand, says Icra Ratings in a report. During Q2, sequential recovery from Q1 FY21 levels was visible across sectors as the lockdown curbs were eased. Some sectors were even able to bounce back to preCovid levels and post revenue growth on an annual basis, Icra Ratings said in the report.