Cover Story

The year gone by will always be preferred to be forgotten. For 2020 has been the year, which has cast an awful impact on every aspect of human existence. The hardships caused by the pandemic beginning with the toughest lockdown, the generation has ever seen, have tested us on almost every possible yardstick of survival.

The country had already been struggling hard on the economic front and striving hard to pick the momentum. GDP of the country plummeted to a miserable -24% in the first quarter of the financial year 2020-21.

But we fought these hardships of 2020 tooth and nail and now we are on the threshold of the year 2021, a year of hope, a year of revival. We are here now all set to create a new world of optimism.

With the government all set to undertake vaccination drive vigorously to ward off the dreadful virus, we are stepping into the new year 2021 with a fresh enthusiasm and it is this enthusiasm, which will drive us to regain, what we have lost this year.

We have so many lessons to learn from 2020 and these are the lessons, which will shape our future; a future where we will be far more organised and far more determined. We have faced challenges previously and have constantly adapted ourselves. Technology has played a crucial role in dealing with this pandemic-kicked crisis in almost all walks of life and it is technology, which will be a key contributor for us in our crusade of revival.

The GDP of the country, which had tumbled to -24% in the first quarter improved to -7.5% in just the second quarter and given the reports from different sectors, it will certainly be up positive within this financial year. This data is enough to infuse hope for the future.

According to OECD Economic Outlook December 2020, Indian GDP, which is hovering around -9.9% currently, is expected to touch miraculous 7.9% next financial year.

These signs are positive indicators, which forecast well for resurgence of the economy in next financial year 2021-22 with industries gradually picking up the production and jobs opening up. These sentiments, coupled with the fiscal and monetary impetuses being rolled out by the government, will certainly see us through all odds of 2020. We are bracing to become a key player in the global economy in 2021 and onwards