Geopolitical impact to emerge as big risk for firms: OYO's Ritesh Agarwal

The Covid-19 pandemic has wreaked havoc on businesses, especially in the area of transportation and travel and hospitality

At a time when Sino-India tensions have increased, resulting in the ban on Chinese apps, “geopolitical impact” is going to become one of the big risks for companies that are global, said Ritesh Agarwal, founder and chief executive officer of OYO Hotels and Homes.
 
His comments come in the backdrop of the recent changes in foreign direct investment (FDI) norms on inflows from China, which have started impacting Indian unicorns and their Chinese investors.
 
“There are various countries across the world that are enacting policies, where over time companies are being seen as diplomatic enablers and not just