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Covid-19 pandemic has affected the Indian economy on all fronts. What can the government and the corporates do for a holistic recovery of the economy?
Dr Debasish Sur is Professor of Commerce, The University of Burdwan.
Pramit Sur University of Calcutta.
In a world where competitors can quickly copy tools, products and technologies, the ability to continuously improve, innovate, and deliver superior value becomes the ultimate advantage.
Resilience defends the model that is being replaced; regeneration designs the next one. Discipline starts with the board and the executive reading the same systems stage of the organisation.
The next decade must build on the last. With the policy architecture now in place, the focus shifts to execution excellence, collaborative governance, and relentless iteration. By aligning incentives, removing residual friction, and fostering a culture that celebrates calculated risk, India can transform its startup ecosystem from a national success story into a global benchmark.
Domestic financial institutions need to embrace global expansion and innovation and view IFSCs as facilitators rather than rivals. Building regulatory trust, streamlining processes, and aligning incentives will all contribute to the development of a cooperative ecosystem that fulfills the promise of financial transformation.
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