Omicron woes, supply chain disruptions pose risks to Indian economy, say CEOs

The new coronavirus variant Omicron may affect the services sector adversely, said 55 of 100 chief executive officers (CEOs) polled earlier this month, while the supply chain disruption is another key concern for 70.

In a Confederation of Indian Industry (CII) poll, 34% of the CEOs said the spread of the new variant may also affect manufacturing activities. The survey included 100 top executives, 90% of them working in big firms.

There is a wave of Omicron in many European countries, including the UK that threatens restrictions and movement of goods. According to recent reports, UK witnessed 10,000 cases of Omicron cases on Sunday. The new variant of covid-19 in India is also spreading fast, with 30 new infections detected on Saturday, taking the total tally to 145. The affected sates include Maharashtra, Delhi, Telangana, Rajasthan, Karnataka, Kerala, Gujarat, Uttar Pradesh, Andhra Pradesh, West…

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