MUMBAI: Companies will require about three to six months of uninterrupted runway to potentially reach pre-pandemic level of business activity following the latest easing of lockdown curbs in place.
Industry representatives, who spoke to Mint, said apart from lack of demand and labour shortage, the varying rules of operations in different states remain a key factor and could lengthen the road to recovery.
On Saturday, the central government announced a phased lifting of the lockdown, in place since 25 March to contain the spread of covid-19, to be implemented from 8 June.
Under phase 1, hotels, restaurants, and other hospitality services along with shopping malls and places of religious work will be allowed to reopen.