The industry body has also suggested setting up of a ‘Bharat Self-Sufficiency Fund’ with an outlay of Rs 2 lakh crore. It said that the fund could be used to promote scientific research and innovation for building a stronger and resilient nation and creating self-sufficient industry clusters with fully developed value chains within the country for products where India has high import dependence.

The report also noted that services such as food retail, telecommunications, utility services and pharmaceuticals have witnessed a boost in the short term and would stabilize in the long term, in about 6-9 months.

Further, online healthcare, personal care, online entertainment and education have also received a boost during the restrictions and lockdown and would keep growth momentum in the long term.