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Economic recovery could take one year for India Inc

city New Delhi India Government prevention infection sanitizer
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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.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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