When compared to other countries, India appears to have a better chance of pulling off with lesser collateral damage, at least for the time being.
The world continues to wage its war against COVID-19. As nations sweep down their streets with various forms of restrictions and lockdowns, the stall on the growth of global economy feels more pronounced than ever. This novel strain – dubbed SARS-CoV2 – that originated from Wuhan, took the world by a storm. With global spread reaching staggering numbers, losses – both to human lives and economy – are irrecoverable.
For India, despite a slower curve of infection, the impact has been ruthless in many ways. The initial 21-day lockdown period had been estimated to cost nearly $4.5 billion every single day. Despite about half of the nation’s businesses being adversely affected, and supply chains having fallen victim to the pandemic, there does appear a silver lining in the dark clouds.
Some positive outlooks for India after covid 19 :-
A trajectory of silver lining
However, several factors are already playing in, or might play out, during the course of these events, and these might prove to be favourable for India to become a major trade and commerce player in the world.
An outsourcing hub
The global economic slowdown will mean that first world economies – such as the US – will be looking out for low-cost outsourcing solutions. Whether it is IT, finance or non-core items, India can rise up to the challenge.
Supply basket
Globally, buyers have already shifted to India to source ceramics, home, fashion, and lifestyle goods.
A shift in manufacturing
Around a thousand foreign manufacturers want to relocate their production to India, a country they see as an alternative to China. Reportedly, at least 300 are already talking with the Indian government for production in a wide range of sectors, including electronics, medicine, and textiles. Impact? Infrastructural development around manufacturing facilities and a boost to employment.
Supporting the cause
This year, the government has proposals to hike import duties on more than 300 products, such as an increase of 30 percent in furniture import from the current 25 percent price. This can provide an opportunity for local production to break out within the market, especially OMEs, SMEs, and even the ever-so-varied handicrafts of India.
Author: Mohit Bajaj
The old age in COVID – 19
Video called my mother in the quarantine
It’s the time of COVID-19,
Two different cities two different phases of life
One was mine full of energy, and one of hers less of sensory,
Days flew away staying away from her
And the upcoming things were a blur, we both didn’t know what’s next but the time we spend on video call was more precious than rest.
I could see her eyes filled with hope
That was for me to come back home
And stay with her in the upcoming old age period
But the hopes were getting down as the lockdown extended
Every day she came up with a new thing to do
From food cuisines to the health tips
everything was new every day
to discover in each other all the way
deep down I had a fear of losing her
I could see her cheering me up every day and night
through the small perks even the food appetite
she is growing older with weakness in her body
faced many ups and downs she got the audacity
but she was still scared for my sagacity
to disappoint her by leaving suddenly by being apart
memory is fading with many things leaving behind
More is yet to come but everything will be fine
And it’s the tranquillity that is helping us to traipse
The Journey Begins
Thanks for joining me!
Good company in a journey makes the way seem shorter. — Izaak Walton
