15 million export jobs may succumb to Covid blows

The apparel exports sector estimates 2.5-3 million job losses because of order cancellations and buyers not clearing dues. The apparel sector employs about 12.9 million people and around 70% of apparel units are MSMEs. While the handicraft sector has pegged job losses at 2 million, a representative of the gems and jewellery export sector said that there will be retrenchment even though the estimate is yet to be finalised.

from Jobs-Economic Times https://ift.tt/3b3Gqwi