72% companies to take a Covid hit, 61% to defer expansion: FICCI survey

NEW DELHI: Almost 72% of companies see their businesses being highly impacted by the emerging situation of the impact of Covid-19 and the lockdown, according to a business impact survey released on Tuesday.

Data from a Federation of Indian Chambers of Commerce & Industry (FICCI) survey said 70% of surveyed firms saw sales declining by more than 20% this fiscal. “The Covid-19 pandemic is causing deep economic harm and could reverse the gains made in the industrial economy over many decades.

There is a need to render immediate and sizable support to industry to protect people, jobs, and enterprises,” said Sangita Reddy, president of Ficci. The Ficci-Dhruva Survey, conducted firms saw sales declining by more than 20% this fiscal.


“The Covid-19 pandemic is causing deep economic harm and could reverse the gains made in the industrial economy over many decades. There is a need to render immediate and sizable support to industry to protect people, jobs, and enterprises,” said Sangita Reddy, president of Ficci. The Ficci-Dhruva Survey, conducted.