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Firms that can survive with social distancing to spring back faster: Report

Sectors with complex value chains, particularly electronics & automotive products, would be most impacted

firms, companies, auditors
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MSMEs contribute almost 30 per cent to the GDP, so their performance is crucial for the growth of the economy

IANS
The Covid-19 crisis will leave companies with a new normal and firms that can survive with social distancing, such as digital platforms, and online learning are likely to spring back to recovery and shall thrive soon, according to consulting firm GATS.

However, for industries which will struggle in reforming its workplace in terms of adapting to the new social distancing norms, the recovery will be harder and will take longer, according to Nalin Tayal, Managing Director, GATS.

Sectors with complex value chains, particularly electronics & automotive products, would be most impacted. Services would be most directly impacted through transport and travel restrictions.

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First Published: Apr 27 2020 | 10:45 AM IST

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