Covid-19: Massive job, revenue loss lies ahead, says CII survey of CEOs

As the Covid-19 pandemic continues to batter the economy, two-thirds of businesses expect revenues to fall by more than 40 per cent in the April-June quarter of FY21, while only 15 per cent of companies expect to see revenue growth in the current financial year, a snap poll by the Confederation of Indian Industry (CII) shows.

Based on the responses of more than 300 chief executive officers (CEO) across industries, the survey shows that a broad cross-section of firms foresee a delay in economic revival and demand recovery. As a result, more than half of participating CEOs anticipate …

.bs-title{width:195px;padding-right:5px;font-size:11px;font-weight:700;color:#000;line-height:20px;vertical-align:middle;display:inline-block;font-family:‘Open Sans‘,sans-serif}.container-data-resize .top .right .text01{font-size:14px;color:#303030;font-weight:700;padding:0 0 10px 0;width:100%;margin-bottom:0;font-family:‘Open Sans‘,sans-serif;line-height:20px;text-align:center}

TO READ THE FULL STORY, NOW AT JUST Rs

Key stories on business-standard are available to premium subscribers only.

Already a premium subscriber?

.related-keyword li{float:none!important} .pubDate{color:#000!important;font-size:14px!important;border-top:solid 1px #cecece;font-style:italic;font-family:‘open sans‘;padding:10px 0 2px 0} First Published: Mon, May 04 2020. 00:53 IST

  • |

    |

    |

    |

    |

PREVIOUS STORY

NEXT STORY

RECOMMENDED FOR YOU

.articleCompanyStockInfo{display: none;} .bsNewArticleCompanyStockInfo{display: block;} #article-chart-_article_ft{ margin-bottom: 40px; display: block; padding: 5px 30px; } }); #moreOnMarkets{display:block!important}

MORE ON MARKETS:

Quick Links
Browse STOCK Companies
Browse Mutual Funds
Index Stocks

TRENDING ON BS

Connect with BS

.notification_error_div{position:fixed;z-index:100;bottom:0;right:0;width:350px;background-color:#fffff0;border:1px solid #000;padding:15px;margin:10px;text-align:center;font-size:14px;font-family:Tahoma,Arial,Georgia} .notification_error_div{position:fixed;z-index:100;bottom:0;right:0;width:350px;background-color:#fffff0;border:1px solid #000;padding:15px;margin:10px;text-align:center;font-size:14px;font-family:Tahoma,Arial,Georgia}.subscription-notification-popup{color:#000;padding:0!important;margin:0!important}.free_user_notification_popup{padding:10px;display:none;background:#fff}.btn-maroon{padding:5px 10px;margin:0;border:0;background:#ac2122;color:#fff;font-size:16px;cursor:pointer}.fis_user_notification_popup{padding:10px;display:none;background:#fff}#free_user_notification_popup table,#fis_user_notification_popup table{width:100%;border:none}

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of “Business Standard Premium Services”

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content – articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters – Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ at a great price. No additional sign-up required.

 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard

  #cke_pastebin{position:inherit!important;top:inherit!important;width:inherit!important;height:inherit!important;overflow:inherit!important;left:inherit!important}#predictive_ser .ui-menu,#predictive_ser_1 .ui-menu{width:440px!important}#predictive_ser .ui-menu,#predictive_ser .ui-menu-item,#predictive_ser_1 .ui-menu,#predictive_ser_1 .ui-menu-item{height:auto!important}#predictive_ser>ul,#predictive_ser_1>ul{top:36px!important;left:-193px!important} #at4-thankyou{display:none!important}

Related posts

Fin24.com | ANALYSIS | Associated Media Publishing‘s closure rounds off nightmare month for media firms

Association Media Publishing‘s closure, announced on Thursday afternoon by the magazine publisher, was one more indication that the economic impact of the…

Read More

Military Communications Market Size to Reach USD 62.96 Billion by 2026; High Demand for SATCOM Technology to Boost Growth, Says Fortune Business Insights™

Pune, May 04, 2020 (GLOBE NEWSWIRE) — The global size is set to gain traction from the increasing adoption of satellite…

Read More

UPM-Kymmene Corporation: Managers’ Transactions (Oudeman) 

UPM-Kymmene Corporation       Stock Exchange Release (Managers‘ Transactions) 4 May 2020 at 09:45 EET

UPM-Kymmene Corporation: Managers’ Transactions (Oudeman)

UPM-Kymmene Corporation has on…

Read More

Join The Discussion

Search

Compare listings

Compare