InvestorQ : Are there are any sectors that are benefiting from the Coronavirus pandemic that has hit India in last few weeks?
Khushi Patel made post

Are there are any sectors that are benefiting from the Coronavirus pandemic that has hit India in last few weeks?

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Anjana Aiyar answered.
1 year ago
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Every crisis has some beneficiaries and in this case also there are some sectors that are benefiting. The Coronavirus pandemic may have created a panic and kept people indoors, but it surely benefiting the ecommerce sector in a big way.

It has been reported that ecommerce firms like Flipkart, Amazon have seen a 30% spike in orders in the last few days. Clearly, more people now prefer to order their home needs on the internet rather than taking the risk of going to a crowded superstore or mall. In addition, scores of companies have also asked their staffs to work from home and that is also leading to a spurt in the demand for goods and services online.

Online stores have reported a sharp spurt in the online sales of a host of products including fresh fruits, vegetables, milk, fast foods, baby foods, personal hygiene products, pulses etc. This trend was first seen in China when ecommerce saw a sharp spike. That is now visible in India also and that is the positive takeaway for the ecommerce sector.



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