VVM’s Shree Damodar College of Commerce & Economics, Margao, organized a National level webinar on the topic “Economic Impact of COVID 19 Pandemic on India” recently.
The keynote speaker at the webinar was Shri Rajib Kumar Jena, Vice President- Bajaj Auto Ltd, who said that India would take around one to two years to recover from this pandemic. He commented that today we are a China dependent economy and we need to make, “Make in India” happen. He further said that the education sector there is need for innovation and enough internet bandwidth needs to be provided so that virtual classrooms, virtual libraries and online exams become a part of everyday life.
Dr R. Chandran, Director, Pillai‘s Institute of Management Studies and Research listed out the sectors in which high growth would take place post the pandemic. He said that healthcare, agriculture, logistics, textile yarn and software sectors had high potential for growth.
Shri S. Shridhar, General Manager (Retd.), SBI, in his presentation said that the financial health of banks would be weak due to decline in deposit levels, decline in availing of loans, thus leading to reduction in interest income for banks and this was a corollary of decreased consumption. However, he was optimistic that more robust digitization channels would develop and was positive that due the proactive banking regulator that enjoyed an excellent relationship with the government, policies for recovery after the pandemic would be facilitated.
Dr R. Ganesan, Professor and Presidium Chair of National Foundation for Entrepreneurship Development (NFED), said that for entrepreneurship to thrive a competitive environment needed to be provided in addition to promoting academia- enterprise networks for interdependent survival, existence and sustainance. He said that the need of the hour was a user friendly and trivial ways of enterprise registration to promote business aspirants. All resource persons answered questions put to them by the audience.
This webinar was organized in collaboration with Poona College of Arts, Science & Commerce, Camp, Pune and Bharatiya Jain Sanghatna’s Arts, Science and Commerce, Wagholi, Pune.
The webinar was anchored by Prof. Sayyad Vakeel Ahmad of Poona College and
Dr Rodney D’Silva, Vice- Principal and Coordinator of the webinar proposed the vote of thanks. The webinar was attended by approximately 500 delegates.
