India covid-19 pandemic economy Government India

Industry need comprehensive government support for their survival

Reading now: 270
www.livemint.com

The covid-19 pandemic has made the worst possible nightmare of every business come true. While the Indian start-up ecosystem was already coping with the growth pains of the economy, the pandemic has put survival of many into question.

Sectors like travel, fast moving consumer goods (FMCGs), restaurants, hospitality would be lucky if they survive these times.

While revenues are bound to fall, cash collections are under a bigger threat. “I would be more into managing cash flows than booking revenues," said an edtech-entrepreneur.

Another venture capitalist who is into investing in sustainable business models hopes the world will start looking at valuing risk-adjusted businesses better.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA