Covid 19

Due to the lockdowns initiated since March 25th to curb the virus transmission, the Indian economy has faced an unprecedented halt.

  • While a Bloomberg survey has forecasted a 0.4% contraction in the economy in 2020-21, a UN report has projected growth to slow down by 1.2% this year.
  • It is estimated that 18,000 ongoing construction projects have been hit, employing 8.5 million workers.
  • This might be India’s worst-ever recession since Independence and could cost 135 million jobs, pushing 120 million people into poverty in the country.
  • Mizoram – the only state without an active covid-19 case
  • A McKinsey report also shows fall in consumer optimism about revival in markets.

As India’s formal sector workforce shifts to work from home as a self-quarantine measure, job searches for remote jobs have surged more than 377% from February to May. There are also rising concerns about productivity dips due to working from home amidst disturbances and distractions.

  • EY’s survey confirms that 72 % that the single-biggest concern for continued remote working is fall in productivity

The development sector is also set to be impacted.

  • A report by research consulting firm, FSG in their interviews with 18 CSR leaders and corporate CEOs reveals that they are directly supporting relief funds using their CSR funds, hence, reducing the support available for the impact sector and specifically NGOs by 30% to 60%.

The development sector is also set to be impacted.

  • A report by research consulting firm, FSG in their interviews with 18 CSR leaders and corporate CEOs reveals that they are directly supporting relief funds using their CSR funds, hence, reducing the support available for the impact sector and specifically NGOs by 30% to 60%.

These circumstances coupled with the imperative to physically distance is obstructing field research, studies and surveys for organisations and are forcing them to postpone their plans. This brings digital technology solutions at the forefront of data collection and analysis to take data-driven decisions even during a pandemic.