Economy may take 2-3 years to recover; more fiscal support needed: Munjal

Munjal said the road to recovery is going to be "rocky" and uneven because there will be sectors that will not recover.

Pitching for more fiscal support to revive the economy, Hero Enterprises Chairman Sunil Kant Munjal on Friday said the overall recovery in the economy may take 2-3 years even as some sectors could see a quicker recovery.
 

"The overall recovery in the economy will take between 2-3 years. But, we will see sectors come up very quickly. Some important sectors with large multiplier and large potential for employment, which are still struggling, and without support, they will actually not be able to fully recover in this time," Munjal said.
 

He was speaking at a SBI-hosted virtual banking and economy conclave