The lockdown has brought economic activity to a grinding halt, CII said on Sunday, citing findings from its CEOs survey, which indicated that 65 per cent of the firms expect revenues to fall more than 40 per cent in April-June quarter.
The survey results reveal that the country may experience a protracted slowdown in economic activity, as 45 per cent of the CEOs polled feel it will take over a year to achieve economic normalcy once the lockdown ends.
The snap poll saw the participation of more than 300 CEOs, of which nearly two-thirds belonged to MSMEs.
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