Future holds great opportunity for India
India will rise as an export hub amid this pandemic as the entire global market is likely to move away from the import dependency on China.
We are facing something no one had ever imagined. No one had even dared to explore the consequences (of COVID-19) that we would have to face. But the thing is that the pandemic has impacted industries adversely and all operations have come to a standstill.
I believe the Indian economy is likely to witness a sharp contraction of 4.5 per cent (de-growth) during Q4 FY20 and expected to recover gradually to post a GDP growth of just 2 per cent in FY21. But yes, as they say, “the show must go on.” We are working on the emotional make-up of our teams and preparing them for the second phase of the current crisis—gearing up for a totally new market after the COVID-19 experience.
I save you, you save me
When the market reopens, we would have to establish a sense of trust in customers. We, for our part, are committed to make their safety, and our internal team has already started working on some safety measures.
“Provided by Fibre2Fashion