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28 Jul
15:17

JSW reduces shipments, sees Covid-19 spike threatening recovery

JSW Steel says easing lockdowns and better business sentiment are driving a rebound in Indian economic activity, but localised lockdowns resulting from a spike in Covid-19 cases remain a risk to recovery. The rural economy is holding up well thanks to a limited pandemic impact and good monsoon, as well as large part of stimulus measures being directed at increasing rural consumption and income. Workforce remobilisation and constrained liquidity remain challenges f…
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