• Home
  • Contact
FICCI blog
  • Home
  • Contact
Home  /  Domestic Economy  /  FICCI fully supports PM’s decision to extend the lockdown and plan for a graded opening up
14 April 2020

FICCI fully supports PM’s decision to extend the lockdown and plan for a graded opening up

Written by Dr Sangita Reddy
Domestic Economy Comments are off
Share this..
Twitter0
Facebook0
LinkedIn0

Reacting to the Prime Minister’s address to the nation earlier today on the COVID-19 pandemic and lockdown of the country, Dr Sangita Reddy, President, FICCI said that the Prime Minister has been a source of great inspiration for all of us and has coalesced people from all walks of life together in this hour of crisis and we are fighting this war on COVID-19 as a single unit. FICCI fully supports the decision of the Prime Minister that it is in the best interest of the nation to extend the lockdown for some more time and plan for a graded opening up. We feel that the strong and timely measures and an integrated approach taken by the government including the 21-days national lockdown greatly helped in keeping the growth of this pandemic under control. This also explains why India is in a relatively better position today compared to many other countries across the world.

The incubation period of the virus is 15-20 days. A 40-day lockdown is safeguarding us for two cycles of the virus and gives us a chance to consolidate the considerable gains of the first lockdown.

While there is a cost associated with the lockdown, one has to place it against the value of lives of our people and which are non-negotiable. FICCI is encouraged by the Prime Minister’s decision that while our priority will continue to be on saving lives, we will continue to take measures to preserve the livelihoods and bring the economy back on track. Estimates show that India may be losing close to Rs 40,000 crore daily due to the national lockdown with an estimated loss amounting to Rs 7-8 lakh crore during the past 21 days. It is also expected that close to 40 million jobs are at risk during the period April-Sept 2020. Hence an urgent relief package is also critical. The Prime Minister’s directions on graded opening will help start some production activity to ensure that as soon as lockdown opens, there are no shortages faced. Even in case of essentials, we are seeing that supplies have started to get impacted and so easing of lockdown may help ramp up production. Indian industry will comply with all the directions given by the Prime Minister and looks forward to the detailed guidelines on working of units in essential goods and services to be issued tomorrow by the government.

The author is President, FICCI and Joint Managing Director, Apollo Hospitals Group

 Previous Article Changing Times for Mining and Steel Sector in India Post COVID 19
Next Article   Cyber Crimes During Covid 19 – Work from Home Scenario & Best Practices for Online Safety

Related Posts

  • Massive potential for farmers, consumer by strengthening millet value chain; Let’s strive to put ‘Millets on every plate’

    January 2, 2023
  • Energizing travel towards a sustainable future

    October 14, 2022
  • Technology transfer and collaboration – an important tool in enhancing the healthcare ecosystem

    June 1, 2022
  • Popular Posts
  • Recent Posts
  • Direct Selling – An Avant-garde Model February 11, 2013
  • A Billion+ Customers need a Million Sales and Service Touch Points August 14, 2012
  • Changing Times for Mining and Steel Sector in India Post COVID 19 April 13, 2020
  • Insurance Jobs of the Future January 2, 2018
  • Massive potential for farmers, consumer by strengthening millet value chain; Let’s strive to put ‘Millets on every plate’
  • Energizing travel towards a sustainable future
  • Mining for a Green Future- What Lies Ahead
  • Technology transfer and collaboration – an important tool in enhancing the healthcare ecosystem

Drop us a line..

February 2023
M T W T F S S
« Jan    
 12345
6789101112
13141516171819
20212223242526
2728  

FICCI Tag Cloud

banking budget business business confidence CAPAM 2017 Knowledge Paper capital markets Changing Face of Insurance crime direct selling economic relations economy economy insights Economy of Jobs economy watch education environment FDI ficci finance financial foresights fintech growth GST healthcare homeland security india industry innovation insurance MSME oil opec policy policy reforms RBI reforms retail skills Skills for All SME survey technology UK universal basic income women
   Get Updates via RSS Feed

   FICCI website

Social Media

  • Connect on Facebook
  • Connect on Twitter
  • Connect on LinkedIn
  • Connect on Instagram
  • Connect on YouTube

Archives

Popular Posts

  • Energizing travel towards a sustainable future
  • Mining for a Green Future- What Lies Ahead
  • Massive potential for farmers, consumer by strengthening millet value chain; Let’s strive to put ‘Millets on every plate’
© Copyright 2018. FICCI.