Vaccine may help several industries in India get back on their feet next year

After getting a severe shock treatment at the hands of Covid, several industries in India across retail, FMCG and the automobile sectors are set to get back on their feet next year.

Sectors like entertainment, travel and retail are expected to receive a boost once public confidence in vaccines kick in.

Most retailers are of the say that they have recovered 70-80 per cent of pre-Covid annual sales on the back of a bullish festive season.

The auto sector too is expected to take a rebound by mid next year after facing the longest slowdown in two decades. New model launches, replacement demand and a supportive financing environment are expected to drive growth, states Morgan Stanley.

FMCG displayed strong signs of recovery in the third quarter of 2020 with a 1.6 per cent growth (versus Q3 of previous year), after an unprecedented decline of 19 per cent in January-March.