Risk of recession real, govt needs to keep a watch on demand: HUL Chairman

Mehta said, "The debate remains whether these are sufficient to kickstart a virtuous spiral of growth or would it require a substantive demand-side stimulus"

FMCG major HUL Chairman Sanjiv Mehta on Tuesday cautioned that the "risk of recession remains real" but it must not be taken as a foregone conclusion while stating that the path back to growth will depend on a range of drivers, including the trajectory of coronavirus, effectiveness of containment efforts and economic steps taken by governments, among others.

Addressing shareholders at the company's annual general meeting online, Mehta also said the the Centre, which has taken several measures to boost the economy, "should keep a close watch on the demand situation and step in unhesitatingly if it does not pick