05
Apr
Credit rating agency Icra has forecast a high 22-25 per cent growth for the auto industry in the next fiscal against a contraction in the last fiscal, though the resurgence of the pandemic may prove to be a hurdle. The growth will be propelled not only by a low base in the first quarter of last year but also by an expected pick-up in economic activity, improved consumer sentiment and a resilient rural economy which has been less impacted by the pandemic. Icra said the shift towards personal mobility from public transport during the pandemic will help the sector, with…
