The COVID-19 pandemic has severely affected all organizations, industries, institutions, and India’s economy. All the major industries of the world are dealing with this typical situation, which is completely, affected the world’s economic model. The situation is going serious day by day.
It’s undeniable that coronavirus has negatively impacted businesses all over the world and our survey results solidify it as such with an overwhelming approx. 92% of respondents noting that it will negatively impact their business.
However, what stands out from the survey is the number of businesses that believe the negative impact of COVID-19 will be short-term, instead of long-term. Specifically, only 27.99% of respondents are expecting a long-term negative impact while approx. 64% are expecting a short-term negative impact on their business.