Even though the Union government has permitted further relaxation in the lockdown rules from Monday, India Inc is on a wait-and-watch mode to restart manufacturing and service operations or ramp up production. The Centre is yet to announce its new economic growth and budgetary estimates for 2020-21 (FY21) in light of the Covid-19 pandemic and the resultant lockdowns. But the Finance Ministry is internally projecting FY21 GDP growth to be around 2-3 per cent.
Covid-19 outbreak: India Inc plays safe, despite lockdown norms being eased
India Inc is on a wait-and-watch mode to restart manufacturing and service operations or ramp up