As the world helplessly watches Coronavirus claim lives, batter economies, and throttle businesses, one is prompted to look back at another pandemic, the Spanish Flu of 1918, the deadly influenza outbreak that killed at least 50 million people worldwide.
How will the industry recover and when it emerges from this crisis, will it look completely different? The immediate impact has been cataclysmic, but there are also concerns growing over the future of the Indian economy.
This article examines whether the Indian SME sector would survive the disruption caused by the Covid 19 lockdown. Already struggling, Indian SMEs are faced with a Perfect Storm of converging trends. The government needs to step in to save the sector. SMEs too should learn to be resilient now.