How COVID-19 Pandemic is an opportunity in disguise for Indian Business sector
“Since lockdown has been imposed, working from home and staying positive towards this situation is constantly debated. It is also necessary to explore hidden opportunities and bring out optimism in and around us”- Nitesh Agarwal
As per work from home scenario, it is possible for a lot of employees to not visit the office and still be productive.In RBL corporate office, it is found that it is enough that only 30% of staff stay in the office. Others can be connected from homes. This leads to lesser commute expenses, the stress of the commute, time wasted, etc. Even, parents can take care of children more effectively when WFH. There can be dark hours when no calls will be made, and certain guidelines can be designed to execute WFH effectively.
As per a McKinsey survey of entrepreneurs released a few days ago, 53% of Indian entrepreneurs are optimistic, while only 25% of Japanese entrepreneurs are optimistic.It seems to be a mild U-curve for the Indian economy. But the descent has not stopped yet.
A general outlook shows that India seems to have suppressed the curve so far. It looks like it might escape the worst of the pandemic, but will have to be cautious about it.Possibility of W Curve – i.e. there is a good chance of re-occurrence of the virus, which could see a possibility of regular lockdowns. Businesses need to plan accordingly.Capital will look for less battered countries. Western economies are badly battered while countries like India, Indonesia, etc are not so battered. Global Capital could flow into India if we can act efficiently to pull it.Emotional and Economic backlash against China is expected. Already, countries and companies are working on a strategy to pivot away from China as part of their supply chains. Japan Govt has announced packages for its companies bringing back manufacturing home. Businesses need to keep this in mind and work accordingly.