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    Recovery rate of business much higher in smaller towns: Bhaskar Bhat, Director, Tata Sons

    Synopsis

    Migrant labourers who have returned to the security of their hometowns are also spending more in small towns where they can shop both online and in store. Also, better agricultural growth has led to better disposable incomes in such markets, he said. Many of the migrant labourers have been flexible in skill deployment after leaving cities following job loss and fear of the disease.

    MUMBAI: The recovery rate of business in mini metros and smaller markets for companies with distribution depth is twice that of a metro, since the fear of the coronavirus infection is less outside the top cities, said Bhaskar Bhat, a director at Tata Sons and Titan and the chairman of airline Vistara.Migrant labourers who have returned to the security of their hometowns are also spending more in small towns where they can shop both online and in
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    The Economic Times