The lockdown will reduce companies' revenue by 25 per cent, and the situation will improve in a year

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New Delhi, Thursday 21 May 2020

The lockdown has also hit companies' revenues, which have seen a sharp decline, and it could take more than a year for business to return to normal.

This is stated in a survey. A survey conducted by Scripbox, a company that helps you invest online, found Covid-19 and the impact of the lockdown on income and employment under your assets.

About 67 per cent of the top corporate executives, business owners and founders surveyed said companies' revenue has already fallen by more than 25 per cent due to the lockdown.

In addition, all respondents believe that business will only return to normal by 2021. While 22 percent believe the business world may take longer after the lockdown ends under normal conditions.

Scripbox conducted the online survey between May 1 and May 15. About 1,200 people from the corporate world took part in the survey, with 54 percent working in large companies, 32 percent working in small and medium-sized enterprises and 14 percent working in startups.

The survey also found that employment has suffered along with a decline in income, with about 90 per cent of respondents losing 25 per cent of their jobs, while the remaining 10 per cent say their company has lost more than 25 per cent.

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