Reflecting back to the economic recovery process after the 1997-98 financial crisis, the report said the effects of the pandemic are likely to be "worse."
After crashing over 1,469 points in early trade, the 30-share BSE Sensex pared some initial losses to close at 47,949.42, down 882.61 points or 1.81 percent.
The report noted that India's PMI Manufacturing Index of 55.4 in March indicated some loss of momentum compared to February.
"A steep increasing trend over this period are clear indicators of rapid economic recovery post pandemic," the Ministry said.
STEP Project Global Consortium and KPMG study strategies of 2,500 family businesses and over 500 non-family businesses across 75 countries amid Covid-19.
They also discussed both countries' economic outlook besides cooperation on issues of money laundering and financing of terrorism
“I am rejecting their request and looking to the future of our country.”
The annual budget is expected to contain a wage subsidy to get unemployed young Australians back to work.
RBI battle-ready to support growth
The report said one sector that has largely not been impacted either during the lockdown or even thereafter is agriculture.
There are an estimated 42.5 million registered and unregistered SMBs in India, a staggering 95 percent of the total industrial units in the country, according to Nasscom.
The complex external environment makes open collaboration and trust in global value chains more important than ever.
"After opening up by more than 1 percent, benchmark indices pared gains to close flat, with a negative bias."
Around 36.5 per cent of the corporate bosses feel that economic recovery of the country may be achieved in 6-12 months
12Page 1 of 2