Demand is roaring back? Anand Mahindra, ITC's top boss Sanjiv Puri say so
Is Indian economy likely to see a V-shaped recovery from the record contraction of 23.9% in the April-June quarter? Top bosses of India Inc suggest a huge revival of demand. At USISPF 3rd Annual Summit 2020, M&M chairman Anand Mahindra has said, "I wish I have known that demand would recover as quickly as it appears to be doing." Anand said that M&M has recorded 69% growth YoY in tractor sales in August 2020. According to ITC Ltd's chairman Sanjiv Puri, reports suggest an increase in demand for products and services that focus on health, wellness, safety and hygiene and consumers continue to prefer trusted brands.