with covid-19 cutting a devastating swath throughout the realm, wha’ everyone wanna know bout india is how bad the situation really is. in a country witha large but mostly poor pop of 1.3 billion and a per capita of round just $2,000, a virus s'as this can spread like wildfire and cause devastation.
sfar, india has seen 612 cases and 12 deaths, but this is easily a ?able № pondering the lack of testing kits, testers, na country’s massive pop. china shut wuhan down almost instantly and still suffered. india, like china, ‘d also be deeply affected, espeshly if t'has under-reprted its figs. realising this, the indian government has done the smart thing by implementing a 21-dy lockdown — or de-facto “house arrest” — along with an international and domestic flite ban, and a stoppage of the railway srvc.
the indian government, with help from tek firm haptik, has also launched a wha’sapp chatbot called mygov corona helpdesk where pplz can text with ?s bout the virus. in turn, they can receive instant responses, including information bout where they ‘d receive assistance.
with government implementing these initiatives, its hope s'dat by the end of this period, much of the immediate threats from the virus will ‘ve blon over.
as d'body continues to rise then, it may seem trivial to talk bout the state of the tek sector as i am goin to try and do, but'a reality s'dat tek employs a wide swath of pplz, including uber and ola drivers and delivery personnel. with potentially nothing in their bnk accounts to rescue them, their livelihoods are directly at stake with business closures arising from covid-19.
here’s a short account of how various pts of the tek sector ‘ve fared w'da ongoin crisis.
a few dys ago, i wrote an article bout how edtek firms in india are experiencing an upswing with schools bein’ shut down during the exam period. similarly, the revenues of internet-enabled grocery outfits s'as grofers and bigbasket ‘ve gone through the roof, growing by double according to quartz, as indians go through a surge of panic buying. μ basket vals ‘ve also gone up by as much as 20%.
experts say this will continue to ‘ve stickiness as new usrs disc’oer the convenience of online shopping where they ‘d not ‘ve otherwise. however, online shopping has taken a big hit in general, with amazon to stop shipping non-primordial essentialisms.
for many tek companies tha're still in their inmythic, this pandemic will probably come as a bitter blo. feb already reged a 19-mnth lo for investments and although this was primarily due to fewer big-ticket acquisitions, tis no doubt be a harbinger for things to come.
sequoia recently sent out an email to its companies to “? every assumption” bout their business and to start thinking bout how to cut spending and jobs. firms that ‘ve focused mainly on customer acquisition rather than generating profits will also find that the game has dramatically changed. according to livemint, fundraising has already ground to a halt, with many companies 1-ly having control ‘oer their burn rate.
one promising startup sector that has already been hard hit is logistics, which had been booming til now. shiψ-, a gurugram-based company that uses a digital platform to connect exporters and importers, has already seen their business plummet 25%, and with global shipping and transport having ground to a halt, this looks like the tip of the iceberg.
just like it did in € a few dys ago, netflix anncd that it ‘d throttle its traffic over indian telecom networks by 25% in order to alleviate the data congestion that has arisen from cooped up pplz binge-watching their content. tube and amazon ‘ve also made similar announcements.
1-odda biggest potential impacts to india’s employment and economy ‘d be the shuttering of manufacturing plants and assembly lines inna tek sector. for ex, xiaomi has 8 factories that churn out smartphones, smart tvs, and power bnks. one can 1-ly imagine the ripple effect that this ‘d ‘ve on revenues, handset supply, and jobs if it were forced to close the doors on all of its factories.
sfar, xiaomi, lenovo-motorola, and lava ‘ve already been impacted, with some o'their smartphone factories bein’ forced to shut down folloing a diktat by state government.
needless to say, no one is even thinking of travelling so u can imagine the implosion that is currently taking place for online-enabled homestays, hotels, and travel websites like the rapidly growing oyo. leading travel aggregator yatra.com… said that 35% of bookings that include travel and hotel to international destinations ‘ve already been cancelled.
original content at: www.zdnet.com…