Opening up the supply-chain ecosystem, which has been severely disrupted by the over two-month long nationwide lockdown, will now be a Herculean task for India Inc, said Rajiv Bajaj, managing director (MD), Bajaj Auto Ltd on Thursday. “A large country like India cannot save itself from this crisis but has to sell out of this trouble.
It is a herculean task to open up now. The PM (Prime Minister Narendra Modi) needs to stand up and tell everyone that everything is under control and that catching infection does not mean death," said Bajaj, in a conversation with Congress party leader Rahul Gandhi.
According to ratings agency Crisil, India’s GDP is expected to contract by 5% this fiscal due to the world's most stringent lockdown that brought
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