“While in most cases, the performance – revenue or capacity utilisation – is estimated to be lower than the comparative figures in 2019-20, a large percentage of the CEOs polled have shown confidence in the days ahead indicating that the worst may be behind,” CII said.
,The finance ministry on Sunday said the festive months were expected to further boost economic growth after high frequency indicators showed improvement. It, however, cautioned that the spread of Covid-19 and an increase in precautionary personal savings posed risks to the prospects of economic expansion.

FPIs had been net buyers in Indian markets in the three straight months to August. They had invested Rs 46,532 crore in August, Rs 3,301 crore in July and Rs 24,053 crore in June on net basis.

“FPIs have turned cautious ahead of the US Presidential election. Also, renewed fears of re-emergence and surge in coronavirus cases across countries have raised concerns about the possibility of fresh lockdowns being imposed in infected regions,” said Himanshu Srivastava, associate director – manager research, Morningstar India.

Labour Minister Santosh Gangwar spoke about three major labour codes on social security, industrial relations and occupational safety health and working conditions passed by Parliament, saying these reforms would help workers become self-reliant in coming days.