Covid-19 Pandemic has affected all businesses and industries across the globe. Be it is Travel, Manufacturing, Electronics, Share Market, Retail or E-commerce every industry has observed a step downfall now a days.
The companies are cancelling their planned meetings, global summits and events. Working remotely is now becomes the new trend globally. Digital Marketing companies are experiencing a low hit on Facebook and common search term like “near me”.
To overcome Corona disease impact, India is in under Lockdown since 25th of March, which directly affect the $64 Billion e-com industry in India.
Due to lockdown, peoples are switching from Malls, Supermarket & Retail shops to ecommerce for purchase of everyday commodities, result in spike of revenue for companies like – Flipkart, Amazon, Bigbasket, Milkbasket and Grofers.
On the other side companies dealing in Fashion, Apparel have seen a dip in revenue. As people are more showing more concern for purchasing essentials.
Travel & Tourism
The biggest economic loser in India would be the Travel and Tourism industry. All State borders are sealed; Airlines, Railways and Road transport are on halt. Which shows a major decline in revenue of online ticket bookings.
The Railway Catering and Tourism Corporation (IRCTC) is the biggest ecommerce player in India in terms of revenue. Nearly 300 million tickets are booked every year.
Major Software exporters like TCS, HCL and Infosys have seen a significant slowdown in growth during this financial year. Technology spends across the globe has been reduced due to lockdown.
Business travel and Meetings plays a major role in getting funding for startups. Which is essential for a startup to run their ecosystem smoothly. Due to global lockdown and ban on travel becomes a major obstacle in this.
Retail and Manufacturing
Real estate and Auto industry plays a vital role in retail and manufacturing industry in any country. Hundreds of direct and in-direct businesses are dependent on them. As per experts, after corona pandemic end people will start focusing more on health and essential goods rather than spending money in buying property or vehicles.