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19.05 - 20:21
Economic recovery may take more than a year: CII poll
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NEW DELHI : The nationwide lockdown has had deep ramifications on economic activity and according to a CEO Snap Poll by the Confederation of Indian Industry (CII), 44.7 per cent of the corporate chiefs believe that it would take more than a year for the Indian economy to recover.
According to the snap poll on the 'Impact of COVID-19 on Economy and Industry', as a majority of the firms continue to anticipate a significant decline in their revenues, they now foresee a delay in economic revival and demand recovery. "The survey results reveal that the country may experience a protracted slowdown in economic activity as a major proportion of the respondents, around 45 per cent feel it will take more than a year to achieve economic normalcy once
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COVID-19
United States
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Cases: 46 252 513
Deaths: 750 423
Recovered: 0
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India
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Cases: 34 321 025
Deaths: 459 652
Recovered: 0
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Brazil
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Deaths: 608 235
Recovered: 0
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Russia
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