'India's Exports sector may see 1.5 crore job losses'
FIEO President Sharad Kumar SarafWith 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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