New Delhi, April 13 -- The second wave of Covid-19 is now sweeping over the country, with the new cases count crossing 1.5 lakhs for the first time on April 11. Stock market indices are plummeting on concerns of fresh localised lockdowns. Foreign portfolio investors are pulling out investments worth crores of rupees from the bourses. The INR is continuing to depreciate, breaching the 75 per US dollar mark. Such developments have brought forth the question again - is our economy being derailed?
The Indian industry is concerned as well, with recent findings clearly reflecting this apprehension. According to a latest CII survey 75 per cent of the 710 CEOs polled are of the view that this time emphasis should be given on stringent implementati...