NEW DELHI : The Indian events and exhibition sector is expected to take a ₹1 trillion hit as almost all big scale events across categories have been postponed or cancelled in the wake of coronavirus (covid-19) outbreak and the 21-day nationwide lockdown, Sanjoy K Roy president of industry body event and entertainment management association (EEMA) said on Monday.
This includes both formal segment events and exhibitions such as IIFA film awards, T20 cricket tournament IPL, music concerts, stand-up comedy shows as well as corporate product launches, MICE and hospitality, food and entertainment events along with informal segment such as weddings and other parties. "Between February and March, we witnessed 60% to 70% cancellation leading to a
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