Impact of Covid-19 on Business and Future Trends

Abstract

Covid-19, a pandemic which came from nowhere has impacted one and all. The life of people has disrupted and no one is in a position to tell his or her mental state or what future has in store for them. Business houses are affected largely as the industry came to a standstill since social distancing needs to be maintained and production is not possible in this scenario. None of us had ever expected such a situation. Corporate world is facing lot of difficulties to come out of this situation and are changing their strategies tosustain in the market. The objective of this paper is to understand the issues faced by business houses and the measures they are taking to come out safely. Many companies have been able to take advantage of the situation and grown. The study has been undertaken to view how Covid-19 has impacted differently to different type of businesses. To find facts qualitative data from newspapers, internet, magazines andwebsites for news was collected. The opinion polls and interactive sessions with small entrepreneurs who have been able to pave their way during this critical time and have been able to stabilize their hold in the market was done whose results are worth noticing. The study gives motivation to keep calm in this time of crises with the hope that it will pass soon.