Needs to focus on productivity, boost demand via infra spend: India Inc CEOs

“The Covid-19 outbreak and resulting lockdown has impacted adversely the real economy, businesses, individuals, government and financial sector,” said Uday Kotak, incoming president of CII. “While the government is facing the risk of higher fiscal deficit, the banking sector urgently needs the recapitalisation to the tune of Rs 3-4 lakh crore to meet the lending requirements,” he said.