Bengaluru: Owing to Covid-induced lockdown, the industrial sector has lost Rs. 75,000 crore this year while fifty percent people have also lost their livelihoods, according to the Federation of Karnataka Chambers of Commerce and Industry (FKCCI).
FKCCI President Perikal M. Sundar has said while the lockdown last year had hit trades and industries hard, some recovery was seen by the start of 2021. During the second wave, which affected us more, with lockdown wiped out all the gains, pushing businesses and employees in the red again. "Out of our 80 lakh registered employees, 30-40 lakh have lost jobs since the onset of the pandemic," he pointed out on Thursday.
