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70% of MSMEs intend to reduce headcount to save businesses: AIMO survey

The survey's result, the second part of the survey series conducted by AIMO amongst the corporates, MSMEs, self employed persons and others, was based on the responses from 46,525 participants.

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The corporate respondents, however, had a slightly different set of perspectives, with 22 per cent citing manpower concerns, 22% expressing concerns on sourcing of raw materials and price management and 23% expressing concerns over new orders for the next three months.

Gireesh Babu Chennai

3 min read Last Updated : Jun 04 2020 | 10:01 PM IST

Over 70 per cent of micro, small and medium enterprises (MSME) might reduce their employee count in order to save their businesses and get back on track, according to a survey conducted by the All India Manufacturers Organisation (AIMO).

The survey's result, the second part of the survey series conducted by AIMO amongst the corporates, MSMEs, self employed persons and others, was based on the responses from 46,525 participants.

The survey was conducted in association with Digitally 4 Empowerment (D4E) a Social Tech Enterprise and other trade bodies like Federation of India Industry (FII), Association of Indian Industry (AII),

Topics : Coronavirus Nirmala Sitharaman Lockdown MSME sector Indian Economy MSMEs SME companies job loss unemployment MSME credit Stimulus package