Hi Shivani and other colleagues,
All the views expressed here in the post revolved mostly around the pandemic, lockdown, phases of unlocking, training, health, hygiene, and related sectors. But I wish to highlight a few things that we may have lost sight of.
1. Many establishments found alternatives to manage the situation by implementing WFH wherever possible.
2. The worst-hit sectors during the pandemic are the production industry, education, hospitality, transportation, entertainment, unorganized workforce, and so on.
3. Trading is gradually picking up in the recent unlocking phases.
4. The lull in economic activity cannot be attributed entirely to the pandemic but has been stretched over a long period, as pointed out by Mr. Dinesh. This is indicated by the gradual fall in GDP from over 9% to now down to -24%.
5. The pandemic is not expected to last long based on the WHO's predictions that vaccinations will be widely used by mid-2021. Hopefully, the world will return to normalcy through either herd immunity, vaccinations, or the use of drugs by 2021.
Therefore, there may not be an urgent requirement for an intensive training regimen in the short term, as by the time such programs are ready, normalcy in all sectors around the world could be restored. What may be required is how to cope with job losses, closed businesses, management of personal and corporate finances, and a focus on exploring new avenues that emphasize the adaptability of the workforce and their psychology towards changed business opportunities for the near future, say 2021-22. Much will depend on how sectors gear up in conjunction with the future strategies of central and state governments in addressing "Economic sustainability."