Business »  Topic »  68% of 40,000 firms may cut pay, freeze hiring or lay off staff: Crisil MD

68% of 40,000 firms may cut pay, freeze hiring or lay off staff: Crisil MD


In a Q&A, Ashu Suyash of Crisil says these companies from across 55 sectors have a wage bill of Rs 12 trillion and are at risk if urban demand does not pick up

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Even as some high-frequency data raises hopes of partial recovery, Ashu Suyash, MD & CEO, Crisil says with afflictions continuing to rise, economic activity will remain curbed. In an interview with Vishal Chhabria, she says the second quarter would also see on-year contraction before a mild ...


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