What 2023 holds for businesses in India
From conglomerates to startups, Indian companies will have to find ways to survive the challenging 12 months ahead.
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Editor's note: A new year comes with cheer and hope of better days to come. One holds on to that promise as we start 2023 with some of the concerns of 2022 continuing as hangovers. Fears of another pandemic wave, an impending global recession and a raging war add to the unease about layoffs and a funding squeeze among startups, and the apprehensions of a high interest rate regime hurting consumer demand for the rest of Indian industry. The hope is that the Indian economy will manage to decouple from the rest of the world’s problems. Otherwise, 2023 is going to be about survival. That’s what some of the biggest newsmakers of Indian business will have to do over the next 12 months. Let’s take a closer look at a few. 1. The challenge before Vijay Shekhar Sharma Imagine being in Vijay Shekhar Sharma’s shoes right now. Paytm was one of the worst-performing stocks in 2022, losing nearly 70% of its value since its high-profile IPO in November 2021. As things stand, Paytm cannot acquire new customers or new merchants owing to …
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