India Inc expects revival

NEW DELHI: India Inc on Saturday welcomed the Centre's norms — Unlock 1 — meant to ease restrictions on businesses and other daily aspect of life.

Accordingly, the fifth phase of the nationwide lockdown was announced which would last in the containment zones from June 8-30. The guidelines said that only a limited number of activities will remain prohibited throughout the country, including international air travel till June-end.

However, baring essential services, no activity will be allowed in the containment zones.

Industry body Assocham's Secretary General Deepak Sood said the phased re-opening of activities from June 1, termed as 'Unlock 1' with an economic focus, has come in as a great relief for the industry and trade, including millions of MSMEs which should steadily return to normalcy while maintaining vigil against the spread of COVID-19.

"After a stringent lockdown of over two months, the economic dimension of the pandemic had to be considered ensuring both life and livelihood," Sood said. "The Central Government has taken a right call, freeing a large part of the economy outside the containment zones. With these measures, the Indian economy should bounce back steadily but surely," he added.

However, he pointed out that states need to work in a well-coordinated manner to ensure that the movement of goods and persons, restrictions on which have now been lifted, must be adhered to. (IANS) 

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