Uncertainity around Q2 performance of businesses: Harsh Pati Singhania

The return to normalcy will also depend largely on how quickly the consumers also recover from the overall impact of the coronavirus outbreak and the lockdown, he said

For any business, return to normalcy by the second quarter of this fiscal seems uncertain as a lot will depend on how quickly the consumers recover from the overall impact of the coronavirus outbreak and the lockdown, according to JKOrganisation Director Harsh Pati Singhania.

While the recovery rate would vary from industry to industry, he said the service sector would take longer time to bounce back from the COVID-19 impact.

"It is quite clear that if you look at Q1 of FY21 there would certainly be an impact... Q2 may also be affected as some businesses would have a deeper or continued