How do we tackle the impact of COVID-19 on the Indian Economy?

How do we tackle the impact of COVID-19 on the Indian Economy?

With Global Dialogues, CNBC-TV18 engages in conversation with global leaders and visionaries on the way ahead.

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How is the ‘new normal’ going to be? Are Indian companies on track to deal with the repercussions of the COVID-19 pandemic? What are the steps that leaders can take to ensure that the Indian economy doesn’t take an irreparable hit?

The people of India have a lot of questions. And this joint initiative by CNBC-TV18 and CNN-News18 led by Shereen Bhan, Managing Editor, CNBC-TV18, and Zakka Jacob, Executive Editor-Output, CNN-News18 has taken it upon themselves to try and get as many answers they can, through their special series of ‘Global Dialogues’.

Shereen Bhan, Managing Editor, CNBC-TV18 led the panel of distinguished leaders in this episode. They will answer a host of questions surrounding the economy, the steps ahead, the vulnerability of India’s financial sector right now and the road to recovery, the changing consumer purchasing behavior and many more pertinent questions, whose answers are the need of the hour.

Among the panelists for this special episode were Rajnish Kumar, Chairman, SBI, Sanjiv Mehta, CMD, HUL, GV Prasad, Co-Chairman & MD, Dr. Reddy's Lab, Carmine Di Sibio, Global Chairman & CEO of EY, Rahul Agarwal, MD & CEO, Lenovo India had some really good insights regarding the current situation.

Zarin Daruwala, CEO, Standard Chartered Bank was also a part of the panel. She lauded RBI’s decision of providing a six-month moratorium on principal payments, as it will help clients across the board to take some time before the cash flow starts serving the interest and principal.

Kunal Shah, Founder & CEO, CRED also joined the discussion, as he discussed the interesting consumer patterns during this period, such as the 50% drop on credit card spends, among others. He also expressed his worries regarding financial literacy, and the need to become financially aware during these times.

Take a look at the engaging conversation on Global Dialogues, below.

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