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In India, domestic steel demand in H2 FY2021 rose a healthy 16.6% year-on-year (YoY).

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We look forward to seeing a massive focus towards lessening the financial burden on parents and students to reduce the interest on education loans.

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Further, subsidy on transportation through railways will also lead to reduction in logistics cost, which are 5 — 10% higher than global logistics cost, Godrej Interio says.

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With resurgence in Omicron cases, ICRA expects partial cost towards children’s vaccination and booster shots for the adult population to be a part of the upcoming budgetary allotment towards the sector.

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In order to improve the overall health of the sector, strengthen financial inflows and reduce delays there is a need for a single-window clearance system.

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