Corona Lockdown: Critical impact on economy, crisis on 52 percent jobs: CII

New Delhi, April 5, 2020 Sunday

The 21-day nationwide sanctions by the government to prevent the spread of the Corona virus will have a profound impact on the economy. A survey of the Indian Industry Association (CII) has raised doubts that a large number of people will lose their jobs.

According to the online survey "CII CEO Snap Poll" conducted between about 200 CEOs of CII, most companies have lost revenue and lost their demand. It is suspected of being sorted out.

10% increase in revenue

According to the survey, most companies are expected to lose more than 10 percent of revenue during the current quarter (April-June) and the previous quarter (January-March), and their profit could decrease by more than 5 percent in both quarters.

Critical impact on economic growth

CII said that the rapid decline in both income and profitability of local companies would also have an impact on the country's economic growth, which could reduce 52 percent of direct jobs in the relevant sector at the level of employment. General Chat Chat Lounge Similarly, in 32 per cent of the companies, the employment rate will be 15 to 30 per cent.

Corona cases are steadily increasing

Corona virus (Covid-19) has been released worldwide, including India, a total of 3374 cases of coronary disease have been reported in India, of which 212 have been recovered while 77 have died, today is the 12th day of lockdown across the country.