POST CORONA - INDIA OPPORTUNITY

POST CORONA – INDIA OPPORTUNITY

The Corona effect has broken the world economy and India too faces the impact, rather more number of people will face it here, due to our population size. But the custodians of the Indian economy should see the under lying opportunity and emerge benefited.

The dependence on China for sourcing and supply chain has broken the world economy and numerous companies worldwide stands shattered due to non availability of raw material or closure of production or non shipment to buyers or the closure of market. All for one simple reason export of corona virus by China.

Countries have started Re-thinking their approach. Japan and United States have already initiated their plans. They want to snap dependence on China. Japan is incentivizing their companies to move out of China or rather anywhere else but not China. US had already started forcing their companies to relocate after the trade war started and corona only expedited the move. China no longer stands as the “GLOBAL MANUFACTURING CAPITAL” Now the crown is vacant. Who will grab? The Deloitte predicts, mighty five  – India, Vietnam, Thailand, Malaysia, and Indonesia.  India with its vast strength of low cost workforce, which can compete with China, availability of raw material (sectors were India is strong) and educated, technically skilled competent management, gives India fair chance to compete and capitalize.

The financial and economic stewards of India should now think, act and work on plans and strategies, how to grab this opportunity. Strategy, Infrastructure and capability/capacity built up, in terms of existing up gradation and new, have to be formalized. Participation  of public – private sectors for building “New India”. We can address our economic, employment and trade concerns and make the world depend on us. Post Corona we can emerge a stronger India. 

After all historically India is known for its “TRUST and HONESTY”.