The survey, carried out with EY as the knowledge partner, shows that manufacturing, healthcare and pharma sectors actually expanded despite the disruptions
Workers wear protective gear at an assembly line of mobile phones at Lava International Limited's manufacturing plant, after some Covid-19 lockdown restrictions were lifted in Noida..
Photo: Anushree Fadnavis/ REUTERS
The pandemic has painted a grim picture across the globe; halting supply chains, revenue streams and more. But as recovery measures were put in place, revival was imminent as businesses began picking up and operations resumed.
A recent survey of Chief Financial Officers (CFOs) carried out by American Express India showed that many sectors, including telecom and pharmaceuticals reported limited or almost no impact due to the pandemic. It revealed that more than half of the companies surveyed (51 percent) have not been adversely impacted due to the ongoing pandemic.
“They have either experienced growth or have had no impact on business performance,” the survey said. Consulting major EY was the knowledge partner of the survey.