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Covid-19 Impact: Companies defer fundraising, expansion plans

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The covid-19 pandemic is forcing companies to delay business expansion plans, a survey by the Federation of International Chambers of Commerce and Industry (FICCI) and Dhruva Advisors showed.

61% of the surveyed companies said they are likely to defer approved expansion plans for six-to-12 months, while 33% may put off plans for more than a year.

Many have also deferred plans to raise funds for their businesses, with 60% of the respondents reporting the same. 25% of the respondents said they have shelved fundraising plans completely.

According to the report, 72% companies have seen “high-to-very-high" impact on their businesses. Also, companies do not expect quick growth in demand, after the lockdowns are lifted and normalcy is restored.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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