According to a report, Aditya Birla Sun Life Mutual Fund’s Equity and Fixed Income Outlook for 2022, launched during a video conference on January 5, Covid has accelerated digitalisation, which gave a boost to the Indian start-up ecosystem and IT services. While there has been a severe impact on the Indian economy due to Covid-19, the pandemic has also driven some key shifts as per the report. Another effect could be that Indian companies benefit from the trend of many foreign companies moving away from China, the report state.
India may achieve a growth of more than 9 per cent in FY2023, the fund house predicts. This projection is higher than the 4.9 per cent for 2022 (5.9 per cent for 2021) projection for global growth by the International Monetary Fund (IMF).
