Swifter economic recovery expected post second wave of Covid-19, says CII poll

A survey by the Confederation of Indian Industry (CII) has revealed that top CEOs in the country expect swifter economic recovery from the impact of the second wave of Covid-19 pandemic.

India's economy is expected to see a quicker recovery from the impact of the second wave of pandemic as the coronavirus-induced lockdowns in the country were largely designed to curtail social gatherings and did not affect the economic activities much, as per a survey by the Confederation of Indian Industry (CII). CII carried out polls with 119 top CEOs of the country. About 59 per cent of the CEOs participating in the survey expect the recovery in sales for their firms to be better than in the first wave, while 46 per cent of them expressed a similar trend for their respective industry sectors, says CII.