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Forty days that prompted Indian companies to write-off a quarter

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M.S. Unnikrishnan’s main focus nowadays is to get his 10 factories in India up and running as the nation slowly starts to exit the world’s strictest stay-at-home restrictions.

Unnikrishnan, managing director of Thermax Ltd., a maker of energy efficient cooling equipment, is still awaiting permission to reopen three more.

From Thermax to Kalyani Steel Ltd. companies are slowly being allowed to resume operations from Monday even though the lockdown has been extended for two weeks.

Resumption of activity after almost 40 days won’t help salvage economic growth this quarter -- or even the fiscal year-- as the lockdown decimated consumption, the main driver of Asia’s third-largest economy.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
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Cases: 34 321 025
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Recovered: 0
Brazil
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Deaths: 608 235
Recovered: 0
United Kingdom
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Deaths: 141 607
Recovered: 0
Russia
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Deaths: 237 619
Recovered: 0
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