The PM’s concept of a self-reliant India is a great initiative... We need to create demand first in India and then serve global markets, says Ajay Piramal, chairman, Piramal Group NEW DELHI : India will continue to face high unemployment rates in the wake of the pandemic if the economy is not in revival mode soon, industrialists warned on Tuesday.
At the CII virtual conclave, they said the next normal won’t be business as usual. Covid-19 poses an existential threat if more people fall below the poverty line, and this could lead to a demographic nightmare.
Ajay Piramal, chairman, Piramal Group, underlined the migrant labourer crisis. “There will be new ways of doing business and probably 20-30% of these people will not be employed," he