A Police officer stopping a motorist at a checkpoint on a deserted road during a government-imposed nationwide lockdown as a preventive measure against the coronavirus, in New Delhi on Sunday (April 5). - AFP
MUMBAI: Indian companies are expecting that revenue will fall by 10% and profit by 5% in the current April-June quarter as well as the just concluded January-March quarter on Covid-19 impact along with significant job losses, according to a survey released by an industry body on Sunday (April 5).
The Covid-19 (coronavirus) outbreak and the subsequent country-wide lockdown has deeply impacted India's economy with a majority of the companies expecting demand to decline and employment to get impacted, according to the online survey of chief executive officers (CEOs) representing 200 companies conducted by Confederation of Indian Industry (CII).
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