RECVERY
Interesting things are going on around us. Normally after Diwali, industrial production starts contracting for a few months. Again starts after the budget or financial year closing. But this year new normal is emerging even after Diwali there is no slow down in industrial activity Experts are saying that recovery is going to be V-shaped. If we go through the recent news of various periodical also the annual summit of different Industry body we find an interesting fact that the recovery is faster than expected. Few are giving credit to the package which was given to the MSME sector. Spending on infrastructure and so on. It is also true that the total infrastructure pipeline created and under execution is very robust. If we go through the PMI or purchase manager index from JULY2020 to NOV2020 it is over and above 50 which denotes expansion in business activity. Bank credit and NPA creation data is showing an increase in credit to industry less NPA forming This means there is a huge de