US stimulus can aid Indian IT's retail business recovery
Stimulus can benefit US retailers, helping them sustain or even accelerate technology investments
March 12, 2021 / 09:03 AM IST
The $1.9 trillion stimulus approved by the US Congress can benefit the retail business segment of the India IT and possibly improve the industry’s growth in FY22. The relief package provides a $1,400 check to a large number of Americans, among other things. A $600 dollar pay-out approved in December 2020 gave a fillip to retail sales in January, which clocked its first monthly growth after September 2020. Another large pay-out can drive more consumer purchases, benefiting the retail...