Will severe flooding dent growth in December?

Extensive damage: The recent floods may reverberate in terms of supply chain disruptions and would have affected production considerably.

EXPORTS had stayed robust in November, 2021, while accelerating imports of consumption goods and capital goods signaled continued expansion in domestic demand.

But in December, 2021, when flash floods hit, the momentum had likely slowed due to near-term disruptions in the manufacturing sector and ports.