Thursday, 11 June 2020

India's businesses face new Covid-19 challenge: FNI

A majority of Indian businesses have reopened after facing extreme economic challenges during the two-month stringent lockdown, but they are now facing a new challenge -- lack of workers. Many businesses which have opened up under the Centre's 'Unlock 1' plan said most of their workers have left during the lockdown and are unwilling to return right now. Ground reports show that many businesses are operating with far less staff than they used to. They fear that even if there is demand, they will not be able to resume their businesses in full capacity. Tarun Bhardwaj, President of Federation of Noida Industries says, businesses are complaining about lack of demand as the Covid-19 situation continues to remain tense.



He further adds, "Cities like Mumbai and Delhi have been worst affected as they had a large number of migrant workers, who left during the lockdown period due to lack of work. Most of these workers want to return but the rising number of cases has spooked them; Businesses are trying to convince their workers to come back as productivity is taking a huge hit in their absence.


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