‘Social media issue not unique to India’

NEW DELHI: T V Narendran, CEO and MD of Tata Steel, who has taken over as the new president of Confederation of Indian Industry (CII), says the country is not unique to what is happening with social media companies and calls for regulations to be contextually appropriate. In an interview to TOI, he sees the impact of the second Covid wave to be less severe on the economy. Excerpts:

What is your assessment of the second wave of the pandemic?

The second wave economically has been less impactful than the first. From a humanitarian point of view, the second wave impacted much more. During the first wave, the lockdown happened very quickly, the industry was underprepared, the whole supply chain was disrupted.