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53% business impacted due to coronavirus

by VARINDIA 2020-03-23

Coronavirus pandemic or COVID-19 has heavily impacted about 53% of Indian business operations even from the early stages.

According to FICCI survey, almost three-fourth (73%) of the businesses indicate big reductions in orders. Of these, almost 50% indicate over 20% decrease in the orders.

The survey was conducted among FICCI member companies and associations between March 15-19 among a total of 317 companies.

Overall, 20% said that they were ‘very highly’ impacted, 33% ‘highly’ and another 33% companies were ‘moderately’ affected.

The Covid-19 pandemic also impacted the cash flow at organisations with almost 80% reporting a decrease in cash flow.

The survey also says almost 40% firms have put in place stringent checks on people entering their offices and disinfection.

Nearly 30% organisations have already put in place Work-from-Home policies for their employees. Almost four-fifth of the respondents feel that the situation would come under control by six-months.