Primus In News
COVID-19 impact on Indian Industry
22-04-2020
Most Indian businesses are operating at limited capacity, owing to supply chain disruption and movement constraints. This is adding to their financial burden and making it difficult to pay interest and EMI against loans and salaries. The current quarter is expected to be strenuous for most businesses, with things expected to improve from July. At the same time, most businesses are looking at minimal disruption to their workforce, to ensure readiness when operations resume to full scale. Economic uncertainties are forcing businesses to reduce costs and consider deferring long-term capex plans. The coming few weeks will determine the extent to which businesses will have to tighten purse strings, as the situation unfolds.
Explore Related Insights
- Transaction Advisory and Go-To-Market strategy in the metals space for a large Engineering & Infrastructure conglomerate.
- Empowering India's Growth: Unlocking AI's Potential for Tech-enabled MSME
- View: Fiscal stimulus – balancing the present with the future
- Monthly Sector Update: Chemical Industry, July 2020