‘Restart economy sooner than later’
India is likely to recover faster than the rest of the world from the economic turmoil caused by Covid-19, with new opportunities presenting themselves, says Biocon chairperson.
India is likely to recover faster than the rest of the world from the economic turmoil caused by Covid-19, with new opportunities presenting themselves, says Biocon chairperson.
Unless the government throws a big lifeline, many Indian businesses may become insolvent in the aftermath of the Covid-19 pandemic, the RPG Enterprises chairman says.
The commercial vehicles segment suffered the steepest fall at 32.90%. The latest worry for the industry is the disruption in the supply of auto parts from China due to the coronavirus outbreak.
The lag in procurement of automotive components from China, though manageable in the short term, could hit production at slowdown-hit automakers in India.
The ministry of health and family welfare said everyone who flew in from China after January 15 will be tested.