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“The results are fast percolating through and becoming increasingly evident on the ground. Nascent signs of recovery are noted in the form of improved PMIs of manufacturing & services, jump in passenger air traffic, sharp moderation in the decline in sales of passenger carsamong others”, highlighted Mr Vikram Kirloskar, President, CII. Though we may continue to see a subdued GDP print in the third quarter as well, but the quarters thereafter are likely to see a rebound, Mr Kirloskar added.
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