On Saturday, SBI Chairman Dinesh Kumar Khara, while addressing the virtual annual general meeting of the Bengal Chamber of Commerce and Industry said that the economy is expected to recover from the next fiscal year. According to him, the economy is expected to bounce back from April 2021.
"The economy is expected to bounce back from the next fiscal starting from April 2021. The next normal will see a paradigm shift and some of them will be permanent.", Khara said.
"Average capacity utilisation among the corporations is around 69%. Investment demand from corporate will take some time to pick up. The cash-rich PSUs will initially embark upon capital expenditure plan which will generate investment demand," he also said.