Covid-induced contraction in creative economy, income loss: Report

New Delhi, Dec 22 A new report on the impact of COVID-19 on the creative sector has found that 16 per cent of the creative sector is facing permanent closure now. MSMEs and the freelance workforce who cater to large companies have been worst hit, says the report launched on Tuesday, adding that 22 per cent of the sector, is forecast to lose more than three-fourths of annual income.

British Council, Federation of India Chambers of Commerce and Industry

( With inputs from IANS )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor