India Inc expects swifter recovery from second wave of Covid-19 pandemic

Private investments will be better in first half of FY22, according to CII CEOs' poll

Recovery from the second wave of the pandemic in April-May is expected to be swifter as compared to the first wave in 2020, according to the Confederation of Indian Industries (CII) Chief Executive Officers (CEOs) poll of 119 top corporates.

During the second wave, the lockdowns were largely designed to limit social gatherings and impact on economic activities was restricted. This helped arrest the impact of the second wave on economic growth, according to a survey conducted by the industry lobby group Confederation of Indian Industries (CII).

About 59 per cent of the CEOs polled expect the recovery in sales to be