India’s economy that saw a disruption triggered by the novel coronavirus, has begun recovering from June, PTI reported State Bank of India chairman Rajnish Kumar as saying. However, he said that at least three to four months would be needed to observe the recovery trend.
“Covid-19 has caused gigantic disruption of the Indian economy along with dislocation of the supply chain. April was the worst month. Things had slightly improved in May, while the recovery started from June,” Kumar said at the SBI Banking and Economics Conclave.
According to Kumar, the pandemic’s worst sufferers are the industrially-advanced states of Maharashtra, Gujarat, and Tamil Nadu in the country. “The partial lockdown announced intermittently across the country is also dislocating the supply chain,” Kumar added in the webinar.