A majority of Indian business respondents did not plan to take any actions to reduce non-personnel costs from the coronavirus (COVID-19) slowdown, based on a survey conducted in mid-March. However, 30 percent said they considered lowering operational costs - including tech infrastructure, office rental space, and spending on marketing and advertising.
For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Fact and Figures page.
Opinion on reducing impact from COVID-19 on non-personnel costs in businesses in India in March 2020
Characteristic
Share of respondents
Don't plan to take any actions or no impact to business
37%
Lower operations/technology infrastructure, office rental/workspace costs and lower spending on marketing and advertising
30%
Lower operations/technology infrastructure costs and lower spending on marketing and advertising
11%
Lower operations/technology infrastructure costs
7%
Lower office rental/workspace costs and lower spending on marketing and advertising
Survey question:
"What is the primary way you plan to reduce other costs for your business to cope with the coronavirus slowdown?"
Exact survey date was not specified by the source.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
LocalCircles. (March 20, 2020). Opinion on reducing impact from COVID-19 on non-personnel costs in businesses in India in March 2020 [Graph]. In Statista. Retrieved October 13, 2024, from https://www.statista.com/statistics/1106764/india-coronavorus-impact-on-non-personnel-business-costs/
LocalCircles. "Opinion on reducing impact from COVID-19 on non-personnel costs in businesses in India in March 2020." Chart. March 20, 2020. Statista. Accessed October 13, 2024. https://www.statista.com/statistics/1106764/india-coronavorus-impact-on-non-personnel-business-costs/
LocalCircles. (2020). Opinion on reducing impact from COVID-19 on non-personnel costs in businesses in India in March 2020. Statista. Statista Inc.. Accessed: October 13, 2024. https://www.statista.com/statistics/1106764/india-coronavorus-impact-on-non-personnel-business-costs/
LocalCircles. "Opinion on Reducing Impact from Covid-19 on Non-personnel Costs in Businesses in India in March 2020." Statista, Statista Inc., 20 Mar 2020, https://www.statista.com/statistics/1106764/india-coronavorus-impact-on-non-personnel-business-costs/
LocalCircles, Opinion on reducing impact from COVID-19 on non-personnel costs in businesses in India in March 2020 Statista, https://www.statista.com/statistics/1106764/india-coronavorus-impact-on-non-personnel-business-costs/ (last visited October 13, 2024)
Opinion on reducing impact from COVID-19 on non-personnel costs in businesses in India in March 2020 [Graph], LocalCircles, March 20, 2020. [Online]. Available: https://www.statista.com/statistics/1106764/india-coronavorus-impact-on-non-personnel-business-costs/
