The New Normal.

Work From Home has changed many things and fortunes and here is one aspect of it. Hyderabad is not the only city affected. Other cities with high concentration of IT establishments are equally affected. Pune, my home city is as badly affected as are Mumbai and Bengaluru.

It is not only homes that have seen loss of tenants. Businesses too have found that it is more economical to operate in a WFH system. They are giving up office space all over India as this report shows.

Here is another report about one of India’s largest IT companies that gives a clear indication of what lies ahead.

I personally know of some youngsters who have moved back with their parents in other parts of the country to work from home and save on rent. Employers too are happy with this option as WFH also gets more man-hours per employee than before.

A major change due to this one single development of WFH is the reduction in traffic in the cities most impacted like Pune for instance. Parking space is readily available as is commuting time for others. Peak hour traffic is so low that it does not look like peak hour at all.

These two factors alone should improve the quality of air in our cities and reduce fuel consumption which in turn will impact the automobile industry all over the world.

Domestic consumption is likely to stay at current levels where people have learned to do with less and this is likely to affect consumption and therefore production and therefore employment. Footfalls in Malls and Cinema Theaters are reduced and DTH is rapidly taking over entertainment which in turn affects traffic and related consumption patterns.

So, some industries will scale down while others will scale up and quite which will become clearer as we go along.

There are many other factors that will come into play as the Covid impact lessens and those will become evident as we move further into the year and 2021.

The most significant change will be in our lifestyles which will never again be what they used to be pre pandemic times.

This is my take on this week’s Friday 6 On 1 blog post topic. The other five bloggers who write on the same topic every Friday are Sanjana, PadmumRaju, Shackman and Conrad.  This week’s topic was suggested by me. Please do go over to their respective blogs to see what they have to say on the topic. Thank you.