That business fortunes would split was clear all along the ascent of our big infection wave, but would profit gaps leave us agape? Take India’s infotech results after 0s and 1s turned into virtual life support for most of the webbed world, a positive demand shock for digital gigs everywhere. Its close rival Infosys scaled new highs with its net profit up 14.4% to ₹4,845 crore on sales of ₹24,570 crore, up 3.8%. A pre-pandemic digital shift has got magnified, evidently, be it how people live or work. To save mass consumption from stagnation, revive investment, and aim high again, we urgently need another burst of broad reforms.

Source: Mint October 18, 2020 15:00 UTC