Indian professionals are split between making peace with pay cuts and demanding pay raises in this year of crisis. Some experts say the lack of increments is not a big issue as people are saving money on commutes as they work from home, and spending on eateries, cinema halls, and shopping malls have been cut.
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One of the sectors still struggling is real estate because, with infrastructure, there are big payouts, capex is high. It’s the most laggard off them all, said Sanchit Vir Gogia, founder and CEO of Greyhound Research.
“Insurance is not talked about a lot but the sector has launched a lot of new products to suit the Covid-environment on the consumer and enterprise side,” said Gogia.
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