A federation of MSMEs, AIMO in collaboration with seven other industry associations, surveyed over 46,000 companies across India and found that the pandemic’s impact on their businesses will lead to massive job loss At least 72% of the micro, small and medium enterprises will reduce the employee count, the All India Manufacturing Organization (AIMO) said in a fresh survey underscoring the magnitude of job loss the Indian labour market is going to face due to the covid-19 and the ensuing lockdown.
A federation of MSMEs, AIMO in collaboration with seven other industry associations, surveyed over 46,000 companies across India and found that the pandemic’s impact on their businesses will lead to massive job loss.