There are signs of improved consumer confidence in several key sectors, including hospitality, of the economy, industry body Assocham said on Saturday.
Activities in construction and renovation have been on a pick-up for the past few months leading to the return of migrant workers for gainful deployment, it said.
"Our feedback from our member companies, including those in the SMEs points towards a steady pick-up in economic activities with notable gains visible in retail trading, malls, food business and inter-state travel," the industry body said.
Though on a low base, it said, the Indian economy should close the financial year 2021-22 with double-digit growth, sustaining the catch-up mode.
(Edited by : Jomy Jos Pullokaran)
First Published: IST