A majority of Indian business respondents did not plan to take any actions to reduce non-personnel costs from the coronavirus (COVID-19) slowdown, based on a survey conducted in mid-March. However, 30 percent said they considered lowering operational costs - including tech infrastructure, office rental space, and spending on marketing and advertising.
For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Fact and Figures page.
Opinion on reducing impact from COVID-19 on non-personnel costs in businesses in India in March 2020
Characteristic
Share of respondents
Don't plan to take any actions or no impact to business
37%
Lower operations/technology infrastructure, office rental/workspace costs and lower spending on marketing and advertising
30%
Lower operations/technology infrastructure costs and lower spending on marketing and advertising
11%
Lower operations/technology infrastructure costs
7%
Lower office rental/workspace costs and lower spending on marketing and advertising
Survey question:
"What is the primary way you plan to reduce other costs for your business to cope with the coronavirus slowdown?"
Exact survey date was not specified by the source.
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LocalCircles. (March 20, 2020). Opinion on reducing impact from COVID-19 on non-personnel costs in businesses in India in March 2020 [Graph]. In Statista. Retrieved October 02, 2024, from https://www.statista.com/statistics/1106764/india-coronavorus-impact-on-non-personnel-business-costs/
LocalCircles. "Opinion on reducing impact from COVID-19 on non-personnel costs in businesses in India in March 2020." Chart. March 20, 2020. Statista. Accessed October 02, 2024. https://www.statista.com/statistics/1106764/india-coronavorus-impact-on-non-personnel-business-costs/
LocalCircles. (2020). Opinion on reducing impact from COVID-19 on non-personnel costs in businesses in India in March 2020. Statista. Statista Inc.. Accessed: October 02, 2024. https://www.statista.com/statistics/1106764/india-coronavorus-impact-on-non-personnel-business-costs/
LocalCircles. "Opinion on Reducing Impact from Covid-19 on Non-personnel Costs in Businesses in India in March 2020." Statista, Statista Inc., 20 Mar 2020, https://www.statista.com/statistics/1106764/india-coronavorus-impact-on-non-personnel-business-costs/
LocalCircles, Opinion on reducing impact from COVID-19 on non-personnel costs in businesses in India in March 2020 Statista, https://www.statista.com/statistics/1106764/india-coronavorus-impact-on-non-personnel-business-costs/ (last visited October 02, 2024)
Opinion on reducing impact from COVID-19 on non-personnel costs in businesses in India in March 2020 [Graph], LocalCircles, March 20, 2020. [Online]. Available: https://www.statista.com/statistics/1106764/india-coronavorus-impact-on-non-personnel-business-costs/
