New Delhi | Jagran Business Desk: Planning out a strategy for stabilising the economy from COVID-19, The Delhi government on Wednesday adopted an approach of "survive, revive, thrive" to recover from the huge loss over the economic cost of the lockdown imposed to curb the spread of the viral infection.   

The Delhi government's panel, in its first meeting for economic recovery, has decided to emphasise on revisiting licensing norms, reviving demand and simplifying pandemic-related regulations as an immediate focus to boost businesses.

The focus of the Delhi government in the next three to six months is to ensure the survival of businesses and industry sectors to revive demand, reports news agency PTI.

According to a government statement, the committee in the next three years will focus on the revival of the business environment by accelerating pending reforms related to ease of doing business in Delhi.

"By working together with industry stakeholders, the Delhi government is keen to come out stronger from the economic shock of the COVID-19 pandemic," said Jasmine Shah, Delhi Dialogue and Development Commission vice-chairman who chaired the meeting.

Shah also said that the Delhi government has set the right conditions for economic recovery by opening up early and putting a robust healthcare strategy in place.

"At a time when many Indian cities are still oscillating between locking and unlocking, Delhi's firm focus on economic revival shows the tremendous progress we have made so far," he further added. 

The committee was formed last week on the recommendations of Chief Minister Arvind Kejriwal and Lt Governor Anil Baijal for the comprehensive analysis and suggestion regarding measures to be initiated by the government to help people and businesses in the time of the COVID-19 pandemic.

Along with many from trade, industry, and restaurant sectors, The meeting was also attended by Mekin Maheshwari, co-founder of Global Alliance for Mass Entrepreneurship who presented the work of the National Task Force on MSME Transformation constituted by it.

During the meeting, many industry members expressed the urgency of taking measures to revive demand with specific steps like permitting outdoor sitting and extending hours of operations for restaurants.

Several industry members also suggested a joint effort among stakeholders at the individual market-level by setting up control rooms to monitor social distancing and sanitisation protocols to instill confidence among consumers.

According to the statement by the Delhi government, it was decided that the panel will adopt the "Survive, Revive, Thrive approach to chart the roadmap for economic recovery in Delhi which was based on various deliberations and inputs from members of the Committee.