As many as 250 respondents across sectors participated in the KPMG in India's pre-budget Survey 2021-22.
Of the total $3.6 billion, as much as $1.3 billion came into Flipkart from Walmart, which had bought out the former for $17 billion in August 2017.
The report said that the two areas that offer encouragement are the continued economic growth of India and the universal acceleration of digital adoption among users across geographies.
In March, the government announced a 1.3 billion fund to encourage domestic manufacture of pharma ingredients.
China has been the dominating global player in the production of personal protective equipment (PPE).
Interestingly, the survey said 'overall 51 per cent of respondents feel that the impact of COVID-19 will be short-lived and normalcy is not far.'
Establishing a consistent IT SOP best practices and operational methods are an important component in safeguarding information systems.
KPMG expects edtech to remain a hot sector for VC investment, along with autotech, healthtech related to fitness as well as gaming.
Much ahead of the lockdown, a lot of key states like Maharashtra had completely stopped theatres, and fears of more waves of infection are likely to dent the sector longer even after the crisis ends.
KPMG predicts a \'steep fall in the consumption' of non-essential goods.