‘Govt Sops To Drive Economic Growth’

The second Covid wave has fostered a severe social and economic crisis, affecting lives and livelihoods, and posing a grave threat to India’s economic recovery. In a candid interaction with Jyotika Sood, Madan Sabnavis, Chief Economist at Care Ratings, and Joseph Thomas, Head of Research at Emkay Wealth Management, share their views on sectors that might be on the edge in the next three quarters and how the Indian investors are supposed to act to save themselves from setback. Which sectors of the economy would be the worst performers in the next three quarters? Sabnavis: For India, the three sectors that will be pressured the most will be hotels and restaurants, entertainment, and tourism and retail. Close to them will be travel and commercial real estate. This is so because of the lockdowns and the inability to operate as they cannot ensure social distancing. Also, these segments...