New Delhi: Mahindra group Chairman Anand Mahindra on Tuesday suggested a "comprehensive" lifting of lockdown after 49 days, saying the industrial recovery will be painfully slow if the government goes for sequential opening of different parts of the country.
While acknowledging that the government has a complex challenge in planning an exit strategy, he said considering how intricately interrelated the elements of the economy are, the road ahead must be planned on the basis of containment by widespread tracking and testing, isolation only of hotspots and vulnerable segments of the population.
"Research suggests a 49-day lockdown is optimal. If true, then post that duration, I believe the lifting of the lockout should be comprehensive," Mahindra said in a series of tweets.
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Research suggests a 49 day lockdown is optimal.If true, then post that duration, I believe the lifting of the lockout should be comprehensive. Containment by exception based on widespread tracking & testing. Isolation only of hotspots & vulnerable segments of the population.(3/3)
— anand mahindra (@anandmahindra) April 28, 2020 " class="align-text-top noRightClick twitterSection" data="
">Research suggests a 49 day lockdown is optimal.If true, then post that duration, I believe the lifting of the lockout should be comprehensive. Containment by exception based on widespread tracking & testing. Isolation only of hotspots & vulnerable segments of the population.(3/3)
— anand mahindra (@anandmahindra) April 28, 2020Research suggests a 49 day lockdown is optimal.If true, then post that duration, I believe the lifting of the lockout should be comprehensive. Containment by exception based on widespread tracking & testing. Isolation only of hotspots & vulnerable segments of the population.(3/3)
— anand mahindra (@anandmahindra) April 28, 2020
He suggested "containment by exception based on widespread tracking & testing. Isolation only of hotspots and vulnerable segments of the population" as a strategy in the post-lockdown era.
Read more: Moody's slashes India growth forecast to 0.2% for 2020
Explaining his thoughts, Mahindra said, "If a 'calibrated' lifting of the lockdown means the sequential opening of different parts of the country, then industrial recovery will be painfully slow. In manufacturing, if even one feeder factory is still locked down, then the final product assembly will be stalled."
The government has a complex challenge planning an exit from the lockdown. It is crystal clear that all supply chains and all elements of the economy are intricately interrelated. For example, humble roadside dhabas may seem 'non-essential' but truckers can't journey without them," he further added.
India had gone for a 21-day nationwide lockdown from March 25 to April 14, after Prime Minister Narendra Modi announced the step to curb the spread of the coronavirus pandemic. He later extended it to May 3 taking the total lockdown period to 40 days.
India should ease lockdown from May 3, be fully operational by June end: Shaw
Kiran Mazumdar Shaw, Executive Chairperson of Biocon, feels that India should start opening its lockdown from May 3 and become fully operational by end of June.
In an exclusive interview with IANS, Shaw said that data indicate that India is entering into a safe zone and has done a phenomenal job of flattening the Covid-19 curve.
Shaw added that the government will also have to provide a huge financial stimulus to boost industrial production across small, medium and large enterprises.
"The government will have to restart the economy with surveillance and safeguards. Opening up the lockdown needs some lifestyle changes, which we must all adopt. The government should continue to enforce social distancing measures and must not allow large public gatherings," she said.
(With inputs from PTI and IANS)
