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Deepak Parekh - Portrait News

Deepak Parekh

Photo Credit: DNA India

It’ll take India 9 months to come out of virus crisis: Deepak Parekh

Deepak Parekh has dubbed the current crisis a human economic financial (HEF) crisis, completely different from the Global Financial Crisis of 2008, and said it would take at least nine months to recover fully from it.

In a webinar on Friday, the chairman of HDFC recommended that India’s financial sector should be strong or else economy will collapse, and he pushed for the NBFCs (non-banking finance companies) to be regulated.

The coronavirus pandemic has rattled lives and economies across the world, and India has not been spared either.

Source: The Economic Times