According to a survey conducted to understand the impact of the coronavirus COVID-19 on Indian startups and SMEs, a majority of respondents stated that it would have an impact. About 30 percent of respondents felt that it would decrease demand for their products or services.
The country went into lockdown on March 25, 2020, the largest in the world, restricting 1.3 billion people.
For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Fact and Figures page.
Opinion on the coronavirus (COVID-19) impacting Indian startups and SMEs in March 2020
Characteristic
Share of respondents
Supply disruption or increase in supply costs
7%
Lower demand or decrease in demand for my products or services
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LocalCircles. (March 20, 2020). Opinion on the coronavirus (COVID-19) impacting Indian startups and SMEs in March 2020 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1098456/india-impact-of-coronavirus-on-business/
LocalCircles. "Opinion on the coronavirus (COVID-19) impacting Indian startups and SMEs in March 2020." Chart. March 20, 2020. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1098456/india-impact-of-coronavirus-on-business/
LocalCircles. (2020). Opinion on the coronavirus (COVID-19) impacting Indian startups and SMEs in March 2020. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1098456/india-impact-of-coronavirus-on-business/
LocalCircles. "Opinion on The Coronavirus (Covid-19) Impacting Indian Startups and Smes in March 2020." Statista, Statista Inc., 20 Mar 2020, https://www.statista.com/statistics/1098456/india-impact-of-coronavirus-on-business/
LocalCircles, Opinion on the coronavirus (COVID-19) impacting Indian startups and SMEs in March 2020 Statista, https://www.statista.com/statistics/1098456/india-impact-of-coronavirus-on-business/ (last visited July 22, 2024)
Opinion on the coronavirus (COVID-19) impacting Indian startups and SMEs in March 2020 [Graph], LocalCircles, March 20, 2020. [Online]. Available: https://www.statista.com/statistics/1098456/india-impact-of-coronavirus-on-business/
