(Affected by the COVID-19, India’s manufacturing industry is in a downturn) an investigation report of the Indian Federation of industry and Commerce on the 19th showed that although many places in India have been opened and blocked, the automobile industry has been the hardest hit in terms of the continuous production of factories and orders.
In addition, leather and footwear, electronics, electrical and textile machinery industries are also in a downturn. Respondents believe that India’s manufacturing industry has a bleak prospect in the short term, and only 22% of respondents plan to increase investment and expand production capacity in the next half year. 85% of respondents said they could not hire more workers within three months.
Affected by the epidemic, many industries are also plagued by labor shortage. Textile and textile machinery industries can only recruit one-third of workers, and only about 35% of workers in automobile, leather and footwear come to work in factories. These industries are facing the serious problem of labor shortage.