InvestorQ : Do you see the lockdown being extended beyond May 31 and what could be the impact of such a move?
manisha Kolvenkar made post

Do you see the lockdown being extended beyond May 31 and what could be the impact of such a move?

Answer
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Mahima Roy answered.
5 months ago


It would depend on how COVID-19 cases pan out after May 31 but you can look for phased opening up after May 31. Some red zones may still have lots of restrictions. Veteran industrialist, Anand Mahindra, has an interesting take on the extension of lockdowns. He has noted that another extension of the lockdown by the Indian government could be disastrous for the Indian economy. Mahindra had originally favoured lifting the lockdown after 49 days but at that point it was not feasible. Mahindra also pointed out that another lockdown will not help and will only exacerbate an economic, medical and humanitarian crisis in India. The big commercial and industrial hubs need to open up.