Covid19 pandemic has manifested the income and the profit of all sorts of companies and majorly every type of sector. Currently, the market is going down and also there is a rapid downfall in the value of assets. The market downfall caused due to Covid19 is greatly affecting the demands of genuine consumers worldwide and this is also a challenging phase for the customer-to-company relationship.

RBSA Advisor and MD Rajeev Shah mentioned that – “Impairments are equally triggered due to falling demand/revenue/profitability, rising losses, and increased competition intensity.” There are also a few other unlisted factors. The cumulative effect of all of these factors is directly proportional to the reduction of the economic viability of the subject business.

Companies are not getting the customers for selling their products and thus this pandemic is overtaking the world level business tycoons to depression.

Considering the results from a unilateral familiarization of countries like India, which are less-developed, the Indian companies are constantly facing demand collapse for their product on profit and loss account due to the Evil Pandemic Outbreak – Corona.

Many of the big companies in India are in loss and the market value of companies are going down. The June quarter has further pushed them into losses. There is no second thought or doubt in the fact regarding the country’s condition nowadays. India is currently in the list of the leading countries in terms of severe economic losses which is the broadest reason for the GDP going down.

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