New Delhi: India’s economy is expected to see a quick recovery of the Covid-19 second wave impact because locking is mostly designed to limit social meetings and not much influence economic activities, said CII survey.
About 60 percent of the CEOs participating in the survey hoped that the recovery of their company’s sales would be better than it was in the first wave of pandemic.
“Poll CII CEO of 119 top companies showed a higher economic recovery of the second wave impact.
The deadly second wave has not affected many economic activities because the locking is largely designed to limit social collection and this has limited the impact of the second wave of economic growth when compared to The first wave, “said Director CII General Chandrajit Banerjee.
The survey added that vaccination holds the key to reduce the impact of the second wave of economic activity and increase consumer sentiment.
More than 60 percent of the leaders of the company confirmed that their company was forced to increase the operation back during the second wave, he added.
In accordance with the survey, around 81 percent of respondents hoped that the second wave in India would not have a negative impact on exports for their sectors in the first half of the year in addition to the period comparable to 2019-20.
“Floating external demand is stored by large-scale global stimulus and rapid rate of vaccination coverage throughout the main global economy,” he added.