New Delhi: The nationwide survey showed that 58 per cent of the companies witnessed ‘high impact’ of the state-level lockdowns on their businesses, while another 38 per cent reported ‘moderate impact’ on their operations.
As states start to ease lockdown restrictions with declining number of daily Covid-19 cases, companies are hopeful of better performance in the next six to 12 months, according to a joint survey conducted by FICCI and Dhruva Advisors.
The nationwide survey showed that 58 per cent of the companies witnessed ‘high impact’ of the state-level lockdowns on their businesses, while another 38 per cent reported ‘moderate impact’ on their operations.
With various parts of the country under different sets of restrictions and consumer sentiments getting impacted due to the ferocity of the second wave of the pandemic, an evident dip in demand was witnessed by most companies.
Further, 58 per cent of the surveyed companies reported ‘weak demand’ as the biggest challenge they are facing under the current environment. This was followed by ‘managing costs’ (56 per cent) and ‘tight financial liquidity’ (43 per cent), which emerged as the other significant issues the companies have to deal with in the present situation.
