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'India's Exports sector may see 1.5 crore job losses'
Highlights
With cancellation of over 50 per cent of orders and gloomy forecast for the future, we expect losses and rising non-performing assets amongst exporting units, hitting the economy very badly
New Delhi: About 15 million people face job losses in India's exports sector following cancellation of over half of the orders and gloomy forecast for global trade due to the Covid-19 pandemic, exporters'' body FIEO said on Friday.
Seeking immediate announcement of a relief package for exports, Federation of Indian Export Organisations (FIEO) President Sharad Kumar Saraf said a fine balancing is required between life and livelihood, as opting for only one can be disastrous for the country.
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