52% of companies lose jobs due to lockdown: CII

New Delhi, Apr 6, 2020, Monday

The government is forced to lockdown the entire country because of the corona. However, its impact on the economy has been shockingly predicted by the country's industrial organization CII (Confederation of Indian Industries).

According to a survey conducted by the CIE, the decline in demand has led to the loss of revenue for most companies. Which puts employees at risk of jobs. The companies are expected to report a decline of 10% in the April-June quarter and January-March quarter.

The decline in the income of domestic companies has a bearing on the country's growth rate, and 52 per cent of them lose their jobs. 47 per cent of the companies are in which 15 per cent employees will be hired.

80 per cent of the companies say that our goods are currently lying to them. On the other hand, 40 per cent of companies say their stock will fall by one month after the lockdown is completed.