By Rajiv Mirwani, Head of Sales, South Asia, Bloomberg LP
“Never let a good crisis go to waste” may be an old cliché, but it has never been more relevant than now. As 2021 dawns, India faces a crisis on multiple fronts. The country has the second-highest number of Covid-19 infections in the world. It has suffered the worst growth contraction of any major economy. And the geopolitical situation is precarious.
Can India use these crises to reinvent itself, reenergize its economy and emerge from the downturn with a new resilience? These questions and more were discussed at the fifth Bloomberg India Economic Forum, held in Mumbai in October 2020.
In this report we feature highlights from that event, including External Affairs Minister Subhramanyam Jaishankar on how the government’s reform agenda aims to not only pull India out of the pandemic-fueled recession, but also position the country to play a pivotal role in the post-Covid world. We also examine the opportunities that Covid-19 presents for India’s pharmaceutical industry and feature a conversation between Uday Kotak, Managing Director of Kotak Mahindra Bank, and Carlyle Group co-founder David Rubenstein on why India remains an attractive destination for overseas investors.
The winners that emerge from this crisis are likely to be those that tackle it head on – with innovation driven out of purpose rather than chance. We hope that you find the following articles valuable as you shape your own strategies for 2021, and encourage you to sign up for more insight from Bloomberg at the end of the report.
Rajiv Mirwani Head of Sales, South Asia Bloomberg L.P.