India Is Poised To Achieve Greater Good In 2021

The Year 2020 has shaken the world to the worst and bought businesses to a halt, the forced digitization has accelerated the pace of various sectors. The companies have changed their strategies, transformed the structure, and reimagined the traditional way of doing business, now when the vaccines are signaling; people are looking up to the new future with ample opportunities in the digital economy.

BW Businessworld successfully concluded a flagship conference BW Disrupt 40 under 40 Young Achievers Summit & Awards 2020. Seasoned entrepreneurs, intrapreneurs, young change-makers, and thought leaders joined in for a panel discussion titled ‘Gearing for a Post-Covid World’ and the discussion was well-moderated by Noor Fathima Warsia, Group Editorial Director, BW Businessworld.

As it has been revealed in all kinds of data and predictions that have come out which hits that India is well on track in the race of normalcy and to achieve more in 2021. Dharamveer Singh Chouhan, Co-founder and CEO, Zostel mentions, “The opportunities that India has always been there, it was the liquidity aspect of it that was impacted. Cashflow drying up in various areas was the major challenge people were facing.”

Talking about the way forward he described that leaders & business owners can divide the time in chunks i.e. next 6 months, next 24 months, and 10 years. Nityanand Sharma, Co-Founder & CEO, Simpl stated, “Structurally in last 10 months we all went under the ‘Reset’, which has not impacted certain geography but everyone around the globe were slowly but surely adopting digitization.”

Is the worst behind us? Are we prepared?

Last year was challenging in many different ways where some of the people and businesses managed to survive and float but many of them couldn’t, and startups have been impacted the most. Ambika Gupta, Co-founder & CEO, The-Cube Project mentions, “As people were mentioning that now the weddings will happen virtual platforms and I found absolutely bizarre.” Adding more to it she states, “The wedding industry is supposed to be the recession-proof or pandemic proof industry, unfortunately, unseen virus affected that too.”

“The biggest change for us was to connect the whole of India agriculture across multiple states which 15-16 producing states and 30 odd consumer states,” Sunoor Kaul, Co-Founder & CEO, Origo Commodities mentions while speaking about the major challenges in their sector. He also acknowledged that what we could have achieved in prior years that has been accelerated in the last 10-12 months because of adopting newer technology.

At the end of the panel discussion, the experts have agreed to the common idea that is to be more cautiously optimistic. As it is advised to rewrite or transform the strategies every 5 years; going forward busies leaders must Re-strategize, survive and thrive in the new normal.