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IOL Chemicals and Pharmaceuticals Ltd updates on expansion projects

IOL Chemicals and Pharmaceuticals Ltd updates on expansion projects
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Is India a manufacturing powerhouse in the making?

Pharma industry expected to play a big part in global vaccination push Most high-frequency indicators point to a strong revival of economic activity in India. 2020 saw the highest amount of foreign financial investment in the last eight years, at $23bn (£16.9bn, €19bn). We believe this economic rebound is set to remain well into 2021 reinforcing the investment case for India, writes Ramesh Mantri, adviser to the Ashoka India Equity Investment Trust. In December, S&P Global Ratings revised India’s GDP growth citing faster than expected recovery. For FY22, S&P projected growth to rebound in double digits. Worthy of note is that the faster than expected recovery comes despite a fairly moderate fiscal stimulus by the Indian government compared to most other nations.

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