Yesterday, CII released their recommendations towards a gradual exit from the lockdown in India.
- They recommend a two-fold economic revival package that includes enhanced credit to industry through banks, covering 3-months of salary/wage bill at an interest rate of 4% to 5%.
- They recommend a two-phase opening of sectors, where the manufacturing, e-commerce and construction sectors are recommended to open in the first phase, perhaps with 25% capacity in the beginning
They also present sector-wise recommendations on measures to be implemented in a post-lockdown scenario.
Please refer to recommendations in its entirety here:
EXIT FROM THE LOCKDOWN 12 April 2020.pdf