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THE GOOD, THE BAD AND THE RECOVERY
Businessworld India
|December 31, 2022
It would be wrong to call 2022 a bad year even though it was tough on many sectors including investor’s darling tech sector but 2023 willneed the cautious optimistic approach as well
THE YEAR 2022 was a see-saw year to say the very least. What began with investment winters and subsequent cost restructuring and layoffs, a European war that contributed to inflation, a slowdown in the formidable tech sector and several other uncertainties that kept governments, businesses and people on their toes, will also be recalled as the year when India beat the UK to become the fifth largest economy in the world.
Amid the news of downsizing, a slowdown in the ecommerce sector, bloodshed in edtech and so on, there were also good tidings of fresh investments, young companies hitting record highs and the big picture for India looking as bright as ever.
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