Full recovery? Yes, but path may be W-shaped

New Delhi: Business leaders backed global economies, including India, to recover fully, given the rapid vaccination rollout. But some said the revival could be W-shaped with sectors such as travel and hospitality still under stress, besides which Covid variants would always pose a threat.

Sundar Pichai, Sunil Bharti Mittal and Kumar Mangalam Birla were among those who discussed a range of issues at the online ET CEO Roundtable under the topic–The Road to Recovery: 2021 and Beyond. They also responded to queries on recent developments such as Jeff Bezos moving up to become Amazon executive chairman from CEO, saying such steps lead to some disruption but are usually well thought out and happen when promoters believe the company has strong fundamentals and is set on a path of innovation and growth.