Sunday, January 24, 2021
Literary Reviews
  • Home
  • OUR BOOK SHOP
    • Erotic Novels
    • BEST SELLING BOOKS
    • Science Fiction Books
    • Business and Management
    • Computing and IT
    • Cooking
    • Education
    • Religion & Spirituality
    • Self Help
    • Teens & Young Adults
  • Literary Review
  • Literature
  • Book Writing
  • Kindle Publishing
  • Romantic
  • Science Fiction
  • Cooking
  • MORE
    • Erotic
    • Mysteries, Thrillers
    • Literary Themes
    • Business and Management
    • Literary Agents
    • Literary Devices
    • New Books
    • Self Help
    • Teens & Young Adults Novels
    • Computing and IT
    • Education
    • Religion & Spirituality Novels
No Result
View All Result
Literary Reviews
Home Religion & Spirituality

Micro Businesses flourish post lockdown with the Religion & Spirituality sector witnessing a 311% uptick : Instamojo report

admin by admin
June 24, 2020
in Religion & Spirituality
0
Micro Businesses flourish post lockdown with the Religion & Spirituality sector witnessing a 311% uptick : Instamojo report
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter


https://indiaeducationdiary.in/

 

New Delhi: With India being under a lockdown for more than a month now, the impact has been experienced across sectors and the economy alike. A recent data report by Instamojo, a full stack solutions provider for MSMEs, depicting transaction volumes on the platform, indicated the growth of several micro businesses, and sectors like religion & spirituality saw a 311.8% jump owing to the increasing need for mental health and wellness, while pets and animal care saw a surge of 183.17% with pet owners stocking up on pet food and hygiene products. On the other hand, the sectors majorly impacted included the travel industry with a 76% dip in transaction volumes along with online sales of gifts & flowers dropping by 72%. The data represented in the report is a comparative analysis of digital transactions on the platform before and after the COVID-19 lockdown.

The lockdown has also resulted in the upward growth of the following sectors :

– Business-Business services by 117.5%

– Food & Retail by 86%

– Education sector by 66.5%

– Financial Services and Products: 38.31%

– Not for Profit: 42.39%

– Books and Magazine: 48.47%

On the other hand these sectors witnessed a slump :

– Vehicle services & Accessories by 89.5%

– Gifts & Flowers by 72%,

– Beauty & Fragrance by 42.7%.

Given the current scenario where physical transactions have come to a halt, moving to a digital platform is the only available solution to ensure business continuity for many small and medium sized businesses and offline retailers alike. Sharing his views, Sampad Swain, Co-Founder & CEO, Instamojo said, “Post the lockdown, we have witnessed some interesting growth trends in sectors like pets and animal care, and transactions related to payments towards non-profit organisations helping Covid warriors. While the increase in food and retail is justified by the demand for essential supplies, travel restrictions imposed during Covid-19 have resulted in an obvious dip in the travel sector, and also vehicle services.”

He further added, “While several sectors are impacted due to lockdown in the country, micro-businesses in particular experienced a meteoric growth owing to the implementation of novel ideas. Given the size of these businesses, they have the bandwidth to be flexible, and explore unique ideas with low risk involved. Also small-sized digital payment transactions from these businesses have picked up rapidly, contributing to a major percentage of growth volumes. Through our unique digital solutions ranging from payments to setting up on online shop, we at Instamojo aim to empower and support micro-businesses across the country with the right growth enabling digital solutions.”

Today, reports suggest that more than hundred thousand Indians are going online every day, with approximately 2 million merchants going online every year. With the increasing number of micro-businesses going digital post the lockdown, this indicates the birth of a new digital revolution in the sector. Focused towards empowering the MSMEs of India, Instamojo provides a host of services ranging from digital payments, logistics to lending. The company today works with and enables over a million MSMEs to build, manage and grow their business.



Source link

Related posts

Books explore Merton the writer, Religion 101 and Antarctic ice | Earthbeat

Books explore Merton the writer, Religion 101 and Antarctic ice | Earthbeat

January 19, 2021
Sociologists use twice-a-day texts to examine whether spirituality’s link with satisfaction is stable or momentary — ScienceDaily

Sociologists use twice-a-day texts to examine whether spirituality’s link with satisfaction is stable or momentary — ScienceDaily

January 18, 2021
Tags: BusinessesflourishInstamojoLockdownMicroPostreligionReportsectorSpiritualityuptickwitnessing
Previous Post

Antiracist Young Adult Books For Tweens and Teens

Next Post

Dell Technologies High Performance Computing Customers Drive Breakthroughs for Global Impact

Next Post
Dell Technologies High Performance Computing Customers Drive Breakthroughs for Global Impact

Dell Technologies High Performance Computing Customers Drive Breakthroughs for Global Impact

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

I’m easily distracted from writing, I’d much rather hang out with humans

I’m easily distracted from writing, I’d much rather hang out with humans

2 weeks ago
Cultural Round-up 2020

Cultural Round-up 2020

4 weeks ago
Think children don’t spread the novel coronavirus? A camp in Georgia suggests otherwise

Think children don’t spread the novel coronavirus? A camp in Georgia suggests otherwise

6 months ago
OraSure’s OMNIgene®·ORAL Device Included in EUA Amendment Granted to 3B BlackBio Biotech India for SARS-CoV-2 Test Nasdaq:OSUR

OraSure’s OMNIgene®·ORAL Device Included in EUA Amendment Granted to 3B BlackBio Biotech India for SARS-CoV-2 Test Nasdaq:OSUR

1 month ago

Products

  • Waiting Is Not Forever (Best Behavior) (Best Behavior(r) Board Book) £6.69
  • Vision of Fear: A Suspense Mystery Novel (Alma Book 3) £0.78
  • Just F*cking Do It: Stop Playing Small. Transform Your Life. £10.40
  • Normal People £4.50
  • Erotic Stories for Punjabi Widows: A hilarious and heartwarming novel £7.37

BROWSE BY CATEGORIES

  • Book Writing
  • Business and Management
  • Computing and IT
  • Cooking Books
  • Education
  • Erotic
  • Kindle Publishing
  • Literary Agents
  • Literary Devices
  • Literary Review
  • Literary Themes
  • Literature
  • Mysteries, Thrillers & Suspense
  • New Books
  • Religion & Spirituality
  • Romantic Novels
  • Science Fiction
  • Self Help

RELATED PRODUCTS

  • Dark Matter £7.37
  • A Totally Awkward Love Story £7.34
  • Events Management £28.95
  • Managing successful projects with PRINCE2 £78.09
  • The Religions Book: Big Ideas Simply Explained £14.29

PRODUCT CATEGORIES

  • Best Selling Books
  • Erotic
  • Science Fiction Books
  • Cooking
  • Business and Management
  • Education
  • Computing and IT
  • Religion & Spirituality
  • Teens & Young Adults
  • Self Help
  • Mysteries, Thrillers & Suspense
  • Romance Books
Literary Reviews

Follow us on social media:

Recent News

  • How ‘Batman’s most romantic writer inspired ‘WandaVision’
  • Are You Cool Enough For The Grace Wales Bonner x Adidas Originals Literary Academy?
  • Alex Assan Sells Graphic Novel Sunhead To Harper Alley

Category

  • Book Writing
  • Business and Management
  • Computing and IT
  • Cooking Books
  • Education
  • Erotic
  • Kindle Publishing
  • Literary Agents
  • Literary Devices
  • Literary Review
  • Literary Themes
  • Literature
  • Mysteries, Thrillers & Suspense
  • New Books
  • Religion & Spirituality
  • Romantic Novels
  • Science Fiction
  • Self Help

Recent News

How ‘Batman’s most romantic writer inspired ‘WandaVision’

How ‘Batman’s most romantic writer inspired ‘WandaVision’

January 23, 2021
Are You Cool Enough For The Grace Wales Bonner x Adidas Originals Literary Academy?

Are You Cool Enough For The Grace Wales Bonner x Adidas Originals Literary Academy?

January 23, 2021
  • Home
  • OUR BOOK SHOP
  • Literary Review
  • Literature
  • Book Writing
  • Kindle Publishing
  • Romantic
  • Science Fiction
  • Cooking
  • MORE

© 2020 literaryreviews

No Result
View All Result
  • Home
  • OUR BOOK SHOP
    • Erotic Novels
    • BEST SELLING BOOKS
    • Science Fiction Books
    • Business and Management
    • Computing and IT
    • Cooking
    • Education
    • Religion & Spirituality
    • Self Help
    • Teens & Young Adults
  • Literary Review
  • Literature
  • Book Writing
  • Kindle Publishing
  • Romantic
  • Science Fiction
  • Cooking
  • MORE
    • Erotic
    • Mysteries, Thrillers
    • Literary Themes
    • Business and Management
    • Literary Agents
    • Literary Devices
    • New Books
    • Self Help
    • Teens & Young Adults Novels
    • Computing and IT
    • Education
    • Religion & Spirituality Novels

© 2020 literaryreviews

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In