There are quite a few sectors like auto, metals that have already shut operations due to falling demand. One sector that has already pegged its losses at Rs.75,000 crore due to the shutdown is the Gems and Jewellery sector. Jewellers and showrooms have complained of zero footfalls in most of their stores resulting in the huge loss of business for the sector.

The industry has already sought immediate relief measures to reduce the pain for the gems & jewellery sector. The sector has been asking for extension of at least 180 days for repayment under the Gold Metal Loan (GML) scheme.

The sector is also calling upon the government to reduce the gold customs from 4%. More details are expected from other sectors.