FY23: Businesses are well & truly on road to recovery!

1. Hotels & accommodation services are looking up, as countries open up doors.?

2. People are returning to cinemas with a calendar-packed line-up of movies in the year ahead.

3. Diners, restaurants, eateries, cafes and bars are set to welcome guests in larger numbers, potentially trying to offset pandemic losses.

4. Airlines are looking forward to catering to the rapidly increasing passenger traffic.

5. Tour and travel operators are working overtime to get back into the market with attractive offers for multiple destinations.?

6. Retail players are working to maximise sales volumes through brick and mortar, as well as online mediums.

7. Bankers are building capacity to cater to an ever-expanding customer base, with enhanced disposable incomes.?

8. Insurance companies are looking to capitalise on a far greater awareness, especially in a wave of the Covid-19 trauma – life insurance & health insurance are certainly top picks.

9. Automakers and OEMs are looking to make up for lost time and are capacitating to service much greater demand, hoping for regaining the pre-pandemic levels.

10. Telecom operators are gearing up and fortifying funding requirements to roll out 5G as soon as possible and capture the maximum subscribers in the upgraded network.

11. Pharmaceutical majors and biotech corporations are likely to continue operating from a sweet spot.

12. Infrastructure & construction companies, metal & miners, port operators, logistics firms are bound to gain from the market-wide upsurge in business activity.

13. Consumer durables, FMCGs, textile players have successfully maneuvered the pandemic period, the restriction-free operations are likely to augment their toplines.

14. Last, but nowhere least, IT and ITES giants will continue to rise, effectively eliminating the operative hurdles and overcoming the challenges faced by conventional companies.

FY 2022-23 will be a make or break for many industries. One thing will happen for sure: the economy will see a sizable bounce-back. We do need a slice of luck wherein the global powers somehow manage to reach equilibrium and put an end to geopolitical tensions.