India Review 2020 - a Recap of major Business Developments
2020 has been a challenging year for all of us. The outbreak of COVID-19 led to a pandemic that shattered both lives and businesses in previously unimaginable ways. Our world has changed. The immediate impact of COVID-19 on the Indian business ecosystem was distressing due to reduced demand of non-essential products and services, especially during lockdown period – the aftermath was evidently visible in GDP numbers witnessing substantial de-growth. In spite of all the uncertainty this year posed on the business front, the vision for ‘New India’ started to take shape with the nation marching ahead with a strong commitment towards becoming a self-reliant nation in every sector. The Indian Government implemented a judicious mix of fiscal and monetary policies to mitigate the impact of COVID-19 on the economy.
In this report we have highlighted a summary of selected developments in India’s changing economic and business landscape which caught our attention and which may be interesting for you as well – therefore, we believe, it will be useful to lookback and take account of the relevant strategic topics that will stay with us even in months to come. Going forward, we are 100% sure that the changes this pandemic has brought in our personal and professional lives will make our ecosystem much stronger, across every dimension.