‘Businesses had to re-imagine their model’ – 15 quotes from India’s COVID-19 journey

In this compilation, we present thought-provoking quotes from the weeks of December 26–January 8 that frame India’s battle with the COVID-19 pandemic.

‘Businesses had to re-imagine their model’ – 15 quotes from India’s COVID-19 journey

Monday January 09, 2023,

3 min Read

Launched in 2014, StoryBites is a weekly feature from YourStory, featuring notable quotable quotes in our articles of this past week (see the previous edition here). This special series of compilations focuses on India’s COVID-19 struggle. Share these quotes and excerpts with your networks, and check back to the original articles for more insights.

See also our pick of Top Quotes of 2022 on Entrepreneurship, Motivation, Investments, Women Changemakers, Social Entrepreneurs, Environmental Change, Pandemic Resilience, Digital Transformation, India Opportunities, Design, Art, Failure Lessons, and Storytelling.

Top 10 Startup Bharat stories that wrested attention this year

In the aftermath of the pandemic and after significant changes in the fiscal and monetary policy environment, global economies have slowed, leading to a correction in public equity markets. - Rahul Khanna, Trifecta Capital

The COVID-19 pandemic has only further increased gender inequalities, from school closures to a rise in violence and a greater burden of care in the home. - Yeshasvini Ramaswamy, Great Place to Work®️ India

The COVID and the post-COVID period were widely expected to improve the participation of women in India's workforce, but that remains a pipe dream yet. - Akshay Raje, InterviewBit

The pandemic had made us all take a step back and put self-care and wellness at the centre of our being. - Radhika Ghai, kindlife

Even during the COVID-19 pandemic, public health principles have proved very useful in guiding the fight against this deadly new virus. - Swati Piramal, Piramal Group

The pandemic sent the performing arts industry to the ICU! Many performing artists are daily wage labour – they get paid only if they perform. - Geeta Chandran, SAF

Top 7 stories of startups turning around their fortunes

We have invested significant time in understanding the pulse of the post-pandemic traveller and made strides on the customer experience front by launching several truly beneficial features for our users. - Shreerang Godbole, OYO

We had a website but practically started our D2C business amid the pandemic. - Rahul Bhalla, Latin Quarters

The pandemic was one of the greatest illustrative examples of the need for data literacy. - Jordan Morrow, 'Be Data Driven'

After the pandemic, digital has become the second-largest segment after TV in terms of ad spends. Together, they account for over three-fourths of the ad revenue for the M&E sector. - Naveen Vaidyanathan, Crisil

School edtech is poised for sustained growth post-COVID. - Sumeet Mehta, LEAD

From a graduate selling chai to an 80-year-old couple starting business, the top 10 SMB stories of 2022

In 2020, the contribution of electric vehicles in overall sales dipped to 2.9% due to COVID-19 but then there was a rise of 5.6% in the contribution in 2021. - Kailash Gahlot, Delhi Transport Minister

The global employment rate has increased considerably post the last COVID-19 wave and is poised to grow stronger in the coming quarters. - Mahesh Bhatt, TeamLease Services

The most important change post-pandemic was an open mindedness within the artisans and craft activist groups to willingly embrace technology, opening up opportunities one had never imagined. - Anjana Somany, SAF

Businesses had to re-imagine their model. Restaurants came up with innovative, easy-to-execute menus that could be catered to online customers. Several dine-in restaurants diversified into the home delivery business. - Prahlad Sukthankar, SAF

YourStory has also published the pocketbook ‘Proverbs and Quotes for Entrepreneurs: A World of Inspiration for Startups’ as a creative and motivational guide for innovators (downloadable as apps here: Apple, Android).

Edited by Teja Lele