The big could get bigger in India Inc post COVID-19

NEW DELHI: COVID-19 will accelerate a second wave of consolidation in India Inc and the big will get bigger as the unorganized players have been losing market share since demonetisation and GST.

An important reason is that organised companies with cash rich/low leverage are much better placed to tide over the Covid-19 crisis. A second wave of consolidation is underway following the first one during demonetisation, according to a research by BofA Securities. Higher compliance costs, plug of tax leakages and liquidity issues have reduced share of unorganised players since GST/demonetisation. (IANS) (IANS)