The coronavirus hitting the entire world slowly, steadily, and then rapidly there is a lot of chaos and insecurity towards job and work. Of course, when life is at stake what else does it matter? But the most important question is until when?
Even after getting some positive results in testing and post dosage, we still need to come across the breakthrough.
With a population of over 1.3 billion people, there seems a long way to get through. Therefore, the year 2020 is a breakthrough in itself. This is such a point that post the hazard, the economy, and the way of working and doing business will change variably. There are quite a lot of economists and financial gurus predicting the V-shaped recovery and rebound. Also, India seems to be a lot safer manufacturing hub for the new age industrialists and technologists. Though struggling due to the pandemic, the manufacturing hasn’t since attained a regular pace. But still, it is predicted to bounce back with a lot of reforms that will require time.
Though the millions of job losses and starvation among the poor and the backbone of the Indian economy- the laborers have caused an unkempt disruption, there is also a rise in businesses that require sole proprietorship. There has been a profound increase in people’s creativity and skills. From online learning to buying and baking- everything is taking a digital turn.
Of the hardest-hit sectors in India include the garment manufacturing industry. The textiles and apparel industry in India is the second-largest employer in the country providing employment to over more than 40 million people. The domestic textiles and apparel industry contributes 2.3% to India’s GDP, 7% of the country’s manufacturing production, and 13% of the country’s export earnings . The COVID- 19 pandemic has resulted in over one crore job losses in the textile industry directly or indirectly . The garment manufacturing units’ shop floor also sometimes referred to as sweatshops are a traditional and labor intensive environment. The displacement of laborers all over the country has resulted in disruptions in manufacturing, increased lead times, lead to cancellation of orders, and created heavy interruptions in the supply chain process. Accounting for the labor shortage and other factors like social and physical distancing, factories are not able to run at full capacity even if the order situation is improving. Though the companies will have to ensure very cautious and careful methods of working. There are many organizations and even self-help groups working to ensure safety by providing aid and manufacturing masks on a large scale. There has also been a very rapid rise in apparel manufacturing units producing personal protective equipment and kits.
The government allowed export of the PPE medical coveralls with a cap of 50 lakh units per month as the country sways to achieve self-reliance while battling the coronavirus pandemic.
According to the Apparel Export Promotion Council (AEPC), the size of the global market for personal protective equipment will be over 60 billion dollars in the next few years .
The government also lifted the export ban on surgical drapes, isolation aprons, surgical wraps, and X-Ray gowns. The export of 4 crores 2/3 Ply Surgical Masks & 20 lakh Medical Goggles every month, along with restriction-free export of face shields in a swaying decision to promote “Make in India” was confirmed by Piyush Goyal, Minister of Commerce and Industry .
Though it will surely require quite an ample amount of time to bring the economy back on its track, the country has shifted to a digital and online platform hugely. From educational institutes conducting lessons online to conducting exams online, there has also been a greater shift in the way of working for professionals. Many businesses have evolved that are managing operations online and functioning digitally.
Amid the global coronavirus pandemic, India already started reforming some of its old age traditional educational system to meet the needs of the 21st century way of acquiring skills and knowledge by initiating various reforms in education and learning by introducing the new education policy.
Raghuram Rajan, the former RBI governor’s statement that came through- “India reforms only in crisis,” truly reflects adages which mean we bloom through the difficult times and processes that we go through.
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