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Recommendations for a National Response to the Economic Impact of Covid-19

The world is now struggling with the global outbreak of novel Coronavirus (Covid-19), which was declared a pandemic by the World Health Organization, with the likelihood of spreading to all countries on the globe. The novelty of the virus also extends to its impact on the way of life and business. The timing of this pandemic creates an urgent need for long-term action to support financial stability across sectors. With global players realising the need for a diversified global supply chain, after China being adversely impacted, it is the opportune time for India to showcase its capabilities in the space. Our vast experience in supporting the society in the time of need and also our focus on government and private sector interventions, make us best placed to help facilitate such an initiative. It would be our responsibility to identify areas where we can intervene to create a more robust ecosystem that can drive economic growth.