Firms await stimulus, warn of layoffs: Ficci survey on coronavirus impact

The Covid-19 crisis has already caused an unprecedented collapse in economic activities over the last few weeks, says survey

With coronavirus pandemic having a 'deep impact' on Indian businesses, jobs are at risk over the coming months as firms are looking at some reduction in manpower, says an industry survey.

The Covid-19 crisis has already caused an unprecedented collapse in economic activities over the last few weeks, it adds.

The survey, jointly conducted by industry body Ficci and tax consultancy Dhruva Advisors by seeking responses from about 380 companies across sectors, also said that businesses are grappling with "tremendous uncertainty" about their future.

Almost 72 per cent of the respondents said that the present situation is having a "high