The Globe and Mail KARIMA-CATHERINE GOUNDIAM Published February 8, 2021
CLODAGH KILCOYNE/Reuters
Karima-Catherine Goundiam is founder and chief executive officer of digital strategy firm Red Dot Digital and business matchmaking platform B2BeeMatch.
Since the COVID-19 pandemic began, we’ve seen a huge push for people to shop local. The messaging usually focuses on three main areas. First, it highlights the importance of supporting small and medium businesses that may be struggling to cope with the sudden economic change instead of further enriching megacorporations and their billionaire CEOs. Second, it points out the convenience of shopping close to home (taking advantage of curbside pickup and local delivery) to avoid the shipping delays that have become common under COVID-19. And third, some messages aim to appeal to people’s sense of pride in their country, province or city.
Real estate, hospitality and construction and diversified industrial products were the most active sectors (in terms of the number of IPOs) with three IPOs launched in each sector (including main and SME markets), , real estate, small and medium enterprises, Initial Public Offers (IPOs)
The FICCI - Dhruva Advisors Survey stated today that Union Budget for fiscal 2021-22 will be presented in the shadow of COVID-19 pandemic. With the world s largest immunization program currently underway in the country, time is ripe to further accelerate efforts to reinvigorate the economy. The upcoming Budget must therefore focus on creating demand, encouraging infrastructure spends and increasing outlays for the social sector. These are the top three macro-economic themes, which members of India Inc would like to see in the upcoming Budget.
Additionally, with the global value chains being disrupted, innovation and R&D becoming the key differentiators of growth along with an array of new digital technologies. India Inc would like the government to continue with its policy focus on strengthening the manufacturing ecosystem, promoting research and development, and incentivizing futuristic technologies in the upcoming Budget.
Read more about SMEs, real estate to drive asset quality deterioration in India, China: S&P on Business Standard. Emerging markets face slippage, volatile capital flow risks