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Covid-19: Massive job, revenue loss lies ahead, says CII survey of CEOs

Based on the responses of more than 300 chief executive officers (CEO) across industries, the survey shows that a broad cross-section of firms foresee a delay in economic revival

Topics
Coronavirus | Confederation of Indian Industry | Lockdown

Subhayan Chakraborty  |  New Delhi 

As the Covid-19 pandemic continues to batter the economy, two-thirds of businesses expect revenues to fall by more than 40 per cent in the April-June quarter of FY21, while only 15 per cent of companies expect to see revenue growth in the current financial year, a snap poll by the Confederation of Indian Industry (CII) shows.

Based on the responses of more than 300 chief executive officers (CEO) across industries, the survey shows that a broad cross-section of firms foresee a delay in economic revival and demand recovery. As a result, more than half of participating CEOs anticipate ...

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First Published: Mon, May 04 2020. 00:53 IST
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