22nd May 2020
Rajasthan Virtual Conference 2020
“POST COVID ECONOMY & WAY FORWARD
1000 hrs: 22 May 2020
The exponential growth of Coronavirus across the world and its detrimental effect on the world economy is evident and profound. Policymakers, apart from fighting this disease, are looking for ways to mitigate its economic impact. The conundrum, however, is the payoff of containing this disease. At the cost of slowing down the economic activities, we need to adhere to social distancing and reduced mobility, which have emerged as the best way for its containment.
The Micro, Small and Medium Enterprises (MSME) sector, core to India’s industrial structure, has been among the worst-hit sectors. At present, the sector provides employment to 114 million people and contributes 30% of India's GDP (gross domestic product), not to mention close to half of the country’s exports come from products and services within this sector. CII, with a large membership base from the MSME sector, has been assessing the impact of COVID-19 and has suggested measures to reduce the impact. CII has identified key areas that are disrupting the MSME sector viz. disruptions in cash flows, wage bills and payments, and inventory management, among others.
With above background, Confederation of Indian Industry is organizing the “Rajasthan Virtual Conference”- “Post Covid Economy & Way Forward on 22 May 2020 with an aim to deliberate on three major aspects of the business viz Government Policy; Finance & Technology which will play key role in strengthening the MSME sector post epidemic.