MUMBAI : Despite the slump in Q1, activity levels are gradually normalising, Kumar Mangalam Birla, Chairman of the Aditya Birla group, told shareholders of Grasim on Monday.
Citing the International Monetary Fund’s forecast that India’s GDP growth will rebound to 6% in FY22, Birla said he is confident in the country's long-term growth potential.“The Indian economy delivered a subdued performance in the last fiscal year with FY20 GDP growth falling to 4.2% primarily led by manufacturing and construction sector weakness.