Indian economy likely to record double digit growth in FY22: ASSOCHAM

14 Sep 2021 CW Team

According to an ASSOCHAM assessment, consumer confidence is improving in several key sectors of the economy, including contact services like hospitality, and construction and renovation activities have been picking up for the past few months, resulting in the return of migrant workers seeking gainful employment.

Despite its low starting point, the Indian economy is expected to grow by double digits in the fiscal year 2021-22, keeping the catch-up mode alive. The recovery seen in the first quarter of this fiscal year should become a long-term trend.

The overall situation concerning the pandemic should improve further as the government, along with the state governments of Kerala and Maharashtra, work together to reduce the Covid-19 incidence through a multi-pronged strategy.

ASSOCHAM has established itself as the knowledge fountainhead for the Indian industry, which is poised to reshape the dynamics of growth and development in the technology-driven knowledge-based economy.

ASSOCHAM is seen as a forward-thinking, proactive organisation that is preparing to meet the aspirations of corporate India in the new business world.

ASSOCHAM is working to improve India's business environment so that it is more competitive in the global market.

The Promoter Chambers and other Industry or Regional Chambers or Associations that are spread across the country give ASSOCHAM its strength.

Image Source

Also read: India’s GDP increases 20.1% in Q1 FY22 compared to FY21

Resources

04 Jun 2026

ULCCS Showcases Cooperative Model at UN Symposium

Uralungal Labour Contract Co-operative Society (ULCCS) showcased its community-led development model at the United Nations Headquarters in New York, where it participated as a panellist at the International Symposium on Cooperative Financial Institutions held on 28–29 May 2026.Jointly organised by the United Nations Department of Economic and Social Affairs (UN DESA), the International Cooperative Banking Association (ICBA), and the International Cooperative Alliance (ICA), the symposium was held under the theme ‘Fuelling Inclusive and Equitable Growth’ and brought together policymakers,..

Delhi Airport to Finalise 20-Year Master Plan

Delhi International Airport Ltd (DIAL) is finalising a 20-year master plan to guide long term infrastructure and operational development at Indira Gandhi International Airport, an official said. The operator expects the plan to reflect changes in the airline industry, shifts in the competitive landscape and evolving infrastructure requirements across terminals, airside and support services. The official said the document is likely to be ready in the next two to two-and-a-half months as the operator moves through planning stages. The plan will be prepared after consultations with airport users ..

Aadhar Housing Finance Targets Rs 500 bn AUM By FY29

Aadhar Housing Finance has set a target to raise its asset under management to Rs 500 billion (bn) by the end of FY29, aiming to achieve this over the next three financial years through an 18-20 per cent loan growth trajectory. The firm focuses on the low-income segment with a ticket size of less than Rs 1.5 million (mn) and has relied on that segment to drive expansion. The company closed FY26 with an AUM of Rs 305.71 bn, reflecting the expansion in recent years, and it reported a net profit rise of 22 per cent to Rs 11.08 bn. Management indicated that gross non-performing assets stood at 1.0..