Working remotely is the new “MANTRA” in Asia’s third largest country!
On 24th March, The Government of India in a bid to save lives of people from the deadly coronavirus went for a countrywide lockdown. Suddenly everybody’s life came to a sudden standstill. Offices were closed and the employees were urged to do work from home. All the school and colleges were also shut. The businesses in India were given hardly any warning before the government decided to shut the country of 1.3 billion inhabitants to stop the spread of the coronavirus. This move of the lockdown has undoubtedly hit every sector of the economy, but experts believe that post lockdown some of the sectors are expected to boom.
Here are the sectors that will boom after the post lockdown
1. Telecom Sector
The government order to stay at home and practice social distancing are expected to aid the telecom sector as Indians are consuming more data. As soon as the lockdown is lifted, the businesses would need to communicate helping the telecom companies to accumulate great growth in profits in the upcoming quarter.
2. Private Banks
Banks, by default, will suffer through their exposure in sectors because of lockdown but large private banks like HDFC Bank, Kotak Mahindra Bank and ICICI Bank, which have high provision coverage: stable assets quality and strong capital ratio are expected to rise after the lockdown is over because of high businesses transactions.
Read more: 10 highlights from guidelines issued for lockdown 2.0
3. Restaurant Sector
Post lockdown, demand for dining out activities will increase immediately as people might get bored while eating too much at home. People would go out to eat in large numbers which will drive the sales of the restaurant business and online food ordering will also increase.
4. Oil sector
The reduction in crude oil prices should benefit state-run oil marketing companies such as IOC, HPCL, BPCL with refining and marketing margins getting a boost from lower procurement costs.
5. FMCG Sector ( Fast moving consumer goods)
The fall in the crude oil price will bode well for consumer good companies in terms of lower crude oil prices resulting in a reduction in packaging cost.
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