Ms. Apurva Purohit
President, Jagran Prakashan Limited
This directly caused advertisers to lower or withhold marketing spends. And of course, the situation got hugely aggravated with the sudden lockdown announced by the Government of India when the economy came to a screeching halt in March 2020. Advertisers had already started cancelling ongoing ad campaigns from the middle of March and as we all are aware, continue to remain off-grid with most agencies and offices still closed down, especially in the two largest advertising markets – Mumbai and Delhi. As the opening and closing of cities continues well into July, the impact on the economy is not only going to be huge but also sustained over a longer period. Increasingly pundits and forecasters are already delaying their expectation of an economic bounce back from March 21 to the middle of FY 22.
This story is from the August 03 - 16, 2020 edition of Dalal Street Investment Journal.
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This story is from the August 03 - 16, 2020 edition of Dalal Street Investment Journal.
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