Impact of COVID 19 on Indian and Global Economy
Pacific Institute of Business Studies, Pacific University, Udaipur (Raj.) organized a webinar on “Impact of COVID 19 on Indian and Global Economy” on Tuesday June 09, 2020. Practicing Chartered Accountant Arpit Rajawat was Speaker with Dr. Anurag Mehta as Expert in the webinar. CA Arpit Rajawat expressed views on Impact of COVID 19 on Indian Economy and said that since Indian economy is having huge domestic demand and not fully reliant on foreign trade hence the global economic slowdown will not severely affect Indian industries. Though the GDP will will accelerate at a slower rate i.e. 3% in 2020 and thus there will be less impact of COVID 19 on Indian Economy. He emphasized that as Indian Economy has opened its gates for foreign direct investments so the foreign companies working in China may shift their business from China to India. This will generate more revenue and employment in India. Economy will recover very soon as it recovered from 2008 Global Recession.
Dr. Anurag Mehta contributed to the discussion that the impact will be from 6 to 12 months on Indian economy. Industries like Pharmaceuticals, Media, Digital Education, IT and Insurance will thrive in post COVID scenario. Displacement of approx. 13 Crore labour will certainly cause some unrest initially with the localization of job gradually it will be streamlined and local products will become more vocal.
In discussion with Company Secretary Khagesh Joshi on question for methods of faster recovery of economy Joshi suggested that new models and new technology of business needs to be introduced; innovation will be the key for sustainable growth. New Business opportunities need to be searched with modifications in existing and old methods. Changes will be welcomed by the upcoming economy.
On question of role of IT sector in Indian economy Ms. Shweta Chouhan suggested that use of smart technology like smart phones, smart televisions will take over the market and provide impetus to economy. IT sector provided the helping hand to work from home phenomenon during this COVID 19 pandemic. Several IT companies have now started thinking to provide permanent work from home to one-third of their staff.
Date and Time of Webinar:
Tuesday June 09, 2020: 10.00 am to 11.00 am
Key note Speaker:
Dr. Anurag Mehta
Webinar Detail
- Photographs, invitation and Certificate are attached.
- Registration Link: http//bit.ly/2XKoVwz
- Total Registration – 390
- Total attendant – 75
Webinar Photographs
