Analysts with varied views have the 2008 global financial meltdown as the nearest comparable to the Covid-19 pandemic. But they are agreed on one thing: the need for caution.
Day after the lockdown extension announcement, markets remained in positive territory for majority of the day before global cues pushed them to close in the red.
As India battles an unprecedented crisis, the role of banks will define the economy’s agility in rebuilding the lives of a billion people disrupted by the lockdown to check the spread of Covid-19.
