Impact of Covid-19 on Indian MSMEs : Strategies & Opportunities

“The impact of the pandemic has been severe on the rural areas where many businesses lack the necessary infrastructure and resources.” - Malay Damania.Have you considered the far-reaching impact of Covid on businesses and the global economy? According to a survey, around 70% of the Indian MSMEs reported a decline in their companies since the pandemic outbreak. In this episode, your host Malay Damania shares some of the possible strategies businesses can adopt to overcome the impact of pandemic and get back on the path of recovery and growth. Key TakeawaysEmbrace and shift to digital platforms. Businesses can set up online stores to get themselves listed on e-commerce platformsDiversify the product offerings. Organizations can explore newer product categories or services that are now in demand by creating opportunity strategiesHire people from across the country and even the globeCompanies can form partnerships with each other to pull their resources and expertise by creating a strategic business planListen to the entire episode as your host discusses several processes to combat the impact of pandemic and get your business back on the path of success. Buy Malay’s book - Business ChampMalay Damania conducts business mentoring and coaching sessions to help small and medium business owners, startup founders, entrepreneurs, and CEOs to get past their stagnancy in business to move into a growth trajectory.Book Free Consultation with MalayConnect with Malay at:Website - www.malaydamania.comLinkedin - https://www.linkedin.com/in/malay-damania-23285717**This show is produced and managed by Done For You Podcasts, full-service podcast launch and management company**