44.7% respondents expect firms to take 6-12 months for recovery, a CII survey finds NEW DELHI : Despite lifting the national lockdown in phases, Indian companies expect the economic recovery to take about a year because of the lasting impact on businesses, a survey of the Confederation of Indian Industry (CII) showed.
The survey found that 44.7% of respondents expect companies to take six to 12 months for a recovery. The Indian government recently relaxed curbs to allow businesses to resume gradually across the country.
The government had announced a total of 733 zones in the country, divided into red, orange and green, based on the number of infections in an area and the doubling rates of the disease.