Business News›News›Company›Corporate Trends›Recovery rate of business much higher in smaller towns: Bhaskar Bhat, Director, Tata Sons
Recovery rate of business much higher in smaller towns: Bhaskar Bhat, Director, Tata Sons
Synopsis
Migrant labourers who have returned to the security of their hometowns are also spending more in small towns where they can shop both online and in store. Also, better agricultural growth has led to better disposable incomes in such markets, he said. Many of the migrant labourers have been flexible in skill deployment after leaving cities following job loss and fear of the disease.
MUMBAI: The recovery rate of business in mini metros and smaller markets for companies with distribution depth is twice that of a metro, since the fear of the coronavirus infection is less outside the top cities, said Bhaskar Bhat, a director at Tata Sons and Titan and the chairman of airline Vistara.Migrant labourers who have returned to the security of their hometowns are also spending more in small towns where they can shop both online and in
- FONT SIZEAbcSmallAbcMediumAbcLarge
ET
Uh-oh! This is an exclusive story available for selected readers only.
Worry not. You’re just a step away.
Get Unlimited Access to The Economic Times
Why ?
Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors
Stock analysis. Market Research. Industry Trends on 4000+ Stocks
Clean experience with
Minimal AdsComment & Engage with ET Prime community Exclusive invites to Virtual Events with Industry Leaders A trusted team of Journalists & Analysts who can best filter signal from noise Get 1 Year Complimentary Subscription of TOI+ worth Rs.799/-
