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Outbreak of COVID-19 - Economic Shocks and Corporate Responses in India

Author

Listed:
  • Santanu Bhadra
  • Sougata Ray

    (Business Policy and Strategy, Indian Institute of Management, India)

Abstract

Although COVID-19 caused initial shocks to the Indian economy, a quick recovery was visible within a few months. We systematically analyze corporate responses during the lockdown period and argue that corporate resilience through proactive responses played a key role in this recovery. We find that, apart from operational continuity, Indian firms mostly focused on reducing employee costs and launching new products or services for surviving the crisis.

Suggested Citation

  • Santanu Bhadra & Sougata Ray, 2022. "Outbreak of COVID-19 - Economic Shocks and Corporate Responses in India," Asian Economics Letters, Asia-Pacific Applied Economics Association, vol. 3(2), pages 1-5.
    • Handle: RePEc:ayb:jrnael:66
    DOI: 2022/06/16
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    References listed on IDEAS

    as
    1. Padhan, Rakesh & Prabheesh, K.P., 2021. "The economics of COVID-19 pandemic: A survey," Economic Analysis and Policy, Elsevier, vol. 70(C), pages 220-237.
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    4. Susan Sunila Sharma & Yezhou Sha, 2020. "Part A: Special Section on COVID-19 Research," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 56(15), pages 3551-3553, December.
    5. Gaur, Ajai & Kumar, Mukesh, 2018. "A systematic approach to conducting review studies: An assessment of content analysis in 25years of IB research," Journal of World Business, Elsevier, vol. 53(2), pages 280-289.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    covid-19; india; corporate responses;
    All these keywords.

    JEL classification:

    • I10 - Health, Education, and Welfare - - Health - - - General
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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