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Covid-19: HUL's Mehta sees demand revival by 2020-end or early 2021, says report

city New Delhi India covid-19 pandemic economy Government
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NEW DELHI: Hindustan Unilever Ltd's chief executive and managing director India, Sanjiv Mehta, is hopeful that economic activity will pick up and demand revive by the end of 2020 or early next year.

Mehta, however, warned that the next few quarters could be tough for the country and said in a consumption driven economy like India, thgovernment would need to come out with a bigger package to help stimulate demand.

In a detailed interview with analysts at Jefferies Equity Research, released on 29 May, Mehta discussed issues around supplies, the company's efforts to work from home, and near-term impact of covid-19. "We should be absolutely clear that no one can predict with a high degree of accuracy of what is going to happen.

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Russia
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