4.4% growth on sequential terms still leaves us with a pickup rather than a contraction: Radhika Rao, DBS Bank

“When we come to CY2022, and you are basically dealing with quite a bit of base effects. So I think in that context, 4.4% on sequential terms will still leave us with a pickup rather than a contraction. Going ahead, we should be on the supply side watching for farm output and the risk thereof. We expect services to gradually pick up. Of course, everywhere that reopening boost, the pent up demand, all of that accounts continue to dissipate.”