Forging industry body says auto electrification may lead to the closure of 60% of units

Reason: A combination of base effect, uneven monsoon and partial delay in kharif sowing
Large retailers can expect faster growth rate than smaller players this fiscal, says a Crisil report
FY23 will see a dip in capacity utilisation due to poor auto demand
Two instalments of tax devolution released to accelerate capital expenditure by States, says finmin