Majority of high-ranking business managers confirm that corporate revenues have already declined by over 25 percent during the lockdown and businesses will take more than a year to return to normalcy, according to a survey. The survey titled ‘COVID-19 and Your Wealth’, conducted by online investment provider Scripbox, reveals the impact of the lockdown on company revenues and job losses. Nearly 67 percent of top bosses, business owners and founders surveyed said that company revenues have already declined by more than 25 percent during the lockdown. Further, all respondents believe that business will return to normal only by 2021, while 22 percent business leaders expect it to take more than a year, from when the lockdown ends.

(Moneycontrol)