New World Post Covid-19

Welcome to the new world post corona

I think this is Corona situation is not going to finish soon. It will take time. It's going to be part of life like other disease like cancer, kidney issues, etc. Those who take care of themselves will survive those who don't they will not make it. 

When the lockdown will open atleast for coming 6-10 months we need to maintain social distance, hygiene and cleanliness. People are not going to service if they don't change. 

Business will hamper if they don't change the way of operation and diversify their offerings. Last week I saw a small saloon converted to a vegetable and fruits shop and making more money than earlier. All shops are selling milk now. So if they don't change then they will not survive. 

Employees will not able to keep their job if they don't accept challenges and they have to do cross functional work. 

Companies new recruitment is going to less and they will expect existing employees to do cross-functional work.

Hotels , restaurant and amusement theme verticals are going to get biggest impact.

Shopping malls needs to operate "No Touch" shopping process.

Automobile industry may get benefits as some people will not prefer public transport.

Production is going to impact as daily labourers will prefer to stay at their village atleast for some period.

Education industry is a recession free industry. But they needs to change their delivery machanism. Small public schools or low fees schools are not going to survive as they don't have  adequate resources to use technology.

Software and IT industry has lots of opportunities if they want to work towards it. Small companies having projects in hand not getting good enginers and big companies having enginers sitting at bench. They both can utilise this as an opportunity and work together so that both IT companies, employees and the client will get benifits.

Staying at home people learn various things. I can cut my own hair now. So I am going to save Rs. 700 per month on this. Similarly people are not going to be dependent on someone now. Housemaid absense is not going to impact anyone.

Though RBI predicted a good GDP growth for FY22 but I don't think it's going to be more than 2-3% for the coming three years.

Only good negotiations on export of pharma product will help Govt to gain something.

However from an individual to big industry who ever don't accept the challenge and change themselves are not going to stay long. With times they will be vanished.

Welcome to the new world post corona. Let's accept it before we regret.

Lagnajit Mohanty