Sunday, July 25

Tag: covid19

Effect of COVID-19 on Small Retailers
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Effect of COVID-19 on Small Retailers

How is COVID-19 going to affect India’s GDP? Investment Information and credit rating Agency (ICRA) recently projected the probability for the GDP of India to slip to a negative one percent. The GDP can further contract if the existing lockdown continues. GDP in the simplest term, is the sum of all economic activities happening in the country. A shrinkage of GDP would mean a fall in the overall output in various sectors of India. Among the lockdown, one of the worst-hit sectors is of retailers. They are either forced to close or had a lesser footfall of consumers because of the pandemic. How is this pandemic going to affect the retail industry? During the lockdown, when even big e-commerce struggled to keep us with groceries and fresh food categories, that's when brick and mortar