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Covid reinforces inequality, even in corp balance sheets

India covid-19 pandemic economy
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livemint.com:

covid-19 pandemic is that size matters. Households having a large savings net have weathered the pandemic better than those that have thin incomes.

When it comes to Indian companies, the size of the balance sheet has been a differentiating factor.A Crisil analysis of revenues shows that the smaller the company, the deeper has been the pain from the pandemic.

To be sure, all companies suffered irrespective of their size in the June quarter which was under lockdown for the most part.

But the bounce back after the economy was unlocked has been seen mostly in large companies. Less than 20% of the smaller 400 companies logged revenue growth in the September quarter.“Large players saw muted revenue growth.

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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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