Economic normalisation expected to bounce back by Aug-Sept: CLSA
Fri, May 14, 2021 8:36 AM

Economic normalisation expected to bounce back by Aug-Sept: CLSA

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The current lockdown-like restrictions in Indian states are expected to get lifted by June-July which should allow for economic normalisation by August and September, said CLSA. Mobility data reveals a material impact on activity when compared to the highs of February 2021, which will hurt earnings in the June quarter and a part of the September quarter as well.

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