Covid-19 Impact On Indian Industry
Forbes India|March 27, 2020
Apart from the panic it has created, the spread of coronavirus has impacted businesses and industries in India as manufacturing in China takes a hit
Covid-19 Impact On Indian Industry

Waiting For Reboot

Electronics industry battles supply and price issues as production comes to a halt

The electronics industry is adopting a wait-and-watch approach as the coronavirus scare continues. As of March 6, at least 97,694 people were infected across 90 countries while 3,382 have died because of the virus.

India imported $23.2 billion worth of electrical and electronic items from China in 2018, according to United Nations Comtrade data. As a leading manufacturer of smartphones and electronic goods, production and supply have taken a hit because of the virus. The ‘Assessing the impact of the Covid-19’ report by HDFC Bank in February says 48 percent of India’s manufacturing inputs for electronics comes from China. Besides, the Indian market is dominated by Chinese smartphones such as Xiaomi, Vivo and Oppo. The export lockdown is having an adverse effect on business.

Authorities are hopeful that manufacturing will start in April. Once it resumes, production is likely to be doubled for electronics. Transport and logistics, however, will improve only after June. Consequently, prices are likely to shoot up. “The extended shutdown in China is likely to have an impact on our supply chain and quantum of component supplies. We are exploring alternative supply channels, but the short supply might cause some negative pressure on prices of these components. This has led to an increase in the prices of products,” says a Xiaomi spokesperson.

“With fear mongering, and suppliers’ pressure on retailers and consumers to buy, we will see demand go up in March and reduce in subsequent months,” says Navkendar Singh, research director of IDC India, a market research firm.

Esta historia es de la edición March 27, 2020 de Forbes India.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición March 27, 2020 de Forbes India.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE FORBES INDIAVer todo
Home-Cooked Meal Is Now Greatly Valued
Forbes India

Home-Cooked Meal Is Now Greatly Valued

The pandemic has also brought with it an improved focus on hygiene, use of technology in dining, rise of cloud kitchens and resurgence in popularity of Indian ingredients

time-read
8 minutos  |
May 21, 2021
Paytm 3.0 - Reaching Near Breakeven In Two Years
Forbes India

Paytm 3.0 - Reaching Near Breakeven In Two Years

As of 2020, Vijay Shekhar Sharma’s super app for financial services had run up losses in thousands of crores. Now, as digital payments gets yet another boost courtesy Covid-19, he’s hopeful of reaching near breakeven in two years

time-read
10+ minutos  |
June 4, 2021
THE PANDEMIC HAS CAUSED WOMEN GREATER LABOUR PAIN
Forbes India

THE PANDEMIC HAS CAUSED WOMEN GREATER LABOUR PAIN

Covid-19 has shown that women are more likely to face the brunt of job losses than men, and find fewer opportunities when they want to resume. That apart, several have to deal with increased hours of unpaid work at home and even domestic abuse

time-read
8 minutos  |
May 21, 2021
LEADERSHIP WILL BE ABOUT SEEING THE BIGGER PICTURE
Forbes India

LEADERSHIP WILL BE ABOUT SEEING THE BIGGER PICTURE

Leaders must not only guard their teams first during a crisis, but also deal with stakeholders with respect and dignity. And apart from pursuing business goals, they should remain committed to our planet and the environment

time-read
7 minutos  |
May 21, 2021
PHILANTHROPY SHOULD BE HUMBLE, BUT NOT MODEST
Forbes India

PHILANTHROPY SHOULD BE HUMBLE, BUT NOT MODEST

Apart from building a flexible and resilient framework for the future, philanthropists, civil society and the government must work in tandem so that every rupee is absorbed on the ground

time-read
9 minutos  |
May 21, 2021
INTEGRATED HEALTH CARE, TECH WILL DISRUPT SECTOR
Forbes India

INTEGRATED HEALTH CARE, TECH WILL DISRUPT SECTOR

While clinical research will get a boost, having a skilled workforce and public spending on health care will be challenges in the near term

time-read
8 minutos  |
May 21, 2021
DIGITALISATION WILL HELP IN VALUE CREATION
Forbes India

DIGITALISATION WILL HELP IN VALUE CREATION

As the pandemic brings technology and innovation to the core of business and daily life, the next decade will see about 150 million digital-first families in India

time-read
8 minutos  |
May 21, 2021
Industry 4.0: Climate Revolution?
Forbes India

Industry 4.0: Climate Revolution?

Augmenting sustainability alongside digital capabilities is an economic, competitive and global opportunity for India’s businesses, but regulations need to reflect intent

time-read
10 minutos  |
June 4, 2021
EV Dream Still Miles Away
Forbes India

EV Dream Still Miles Away

Electric vehicles have remained a buzzword in India for years. But not much has moved on ground due to high upfront costs, range anxiety and charging infrastructure

time-read
6 minutos  |
June 4, 2021
Living Waters
Forbes India

Living Waters

A virus has caused us to scramble for oxygen but our chokehold on the environment is slowly strangling the very waters that breathe life into us. The virus is a timely reminder: We are merely consumers, not producers of life’s breath on this planet

time-read
4 minutos  |
June 4, 2021