Suggestions on mitigating the economic fallout of Corona

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Suggestions on mitigating the economic fallout of Corona   Apr 09, 2020

These are indeed extraordinary times for the economy. We appreciate the measures taken by the central as well as various state governments and remain confident that we all will be able to overcome and be able to mitigate the negatives of this Black Swan event working together. The Bombay Chamber of Commerce remains steadfast along with the government in tackling this.


On behalf of the Banking, Finance & Economics Committee of the Chamber, we are forwarding a few suggestions to stave off the economic threat from the spread of the Coronavirus for your perusal and action.


Established in 1836, the Bombay Chamber is one of the oldest serving Chamber of Commerce in India with around several thousand members comprising of large industrial houses (about 1/3rd) and MSMEs in India across various sectors of the economy including Trade, Industry, Banking & Finance, Media, etc. The Chamber has a long tradition of Institution building and promoting trade and commerce in India.


We remain committed to playing a larger role in our solemn civic and societal duties and commit ourselves to ethical conduct in business and public life towards the greater good of society in addition to ensuring equitable and balanced industrial growth of the country in a sustainable manner.

 

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