Intelligent lockdown exit plan needed to prevent growth collapse: SBI study

Going by past experience, recovery from recession often tends to be slow and takes five to ten years to reach the former peak levels of economic activity, the report said

India needs to implement an intelligent lockdown exit strategy to prevent irreversible growth collapse, SBI said in a research report on Saturday.

India's economic growth slipped to an 11-year low of 4.2 per cent in 2019-20 and to 3.1 per cent in January-March, the lowest in the last 40 quarters.

The nation-wide lockdown to prevent the spread of coronavirus with effect from March 25 has hit economic activities. The fourth phase of the lockdown is set to expire on Sunday.

"We now believe that we should implement an intelligent lockdown exit strategy as the discussion has moved from the debate