The COVID-19 pandemic and the resultant lockdown has pushed industries against the wall. While the restrictions on business operations saw the revenue stream across several sectors drying up, it has also by and large dented the demand in India.
Over 60 percent of India’s top 181 corporate leaders CNBC-TV18 spoke to as part of the ‘CII-CNBCTV18 CEOs Snap Poll’ feel that demand would revive only by October. Only about 10 percent anticipate a demand revival in June. Also, 44 percent feel that cash flows have been the biggest pain point in their business.
In a special broadcast of the COVID-19 CEO Sentimeter, Shereen Bhan spoke to CII President Vikram Kirloskar, Vinayak Chatterjee, chairman of the CII Infrastructure Council and chairman of Feedback Infra, Sumant Sinha, chairman of the CII Renewable Energy Council and CMD of Renew Power and Sunjay Kapoor, co-chairman of CII Smart Manufacturing Council and Chairman of Sona Comstar. They discussed how the COVID pandemic has altered the business sentiments in corporate India.