Faculty & students (PGDM Batch 2019-21) of GL Bajaj Institute of Management & Research, Greater Noida attended an online webinar of Leader Speak Session on the topic “Managing a Post Covid World” which was organized by All India Management Association (AIMA) on Wednesday, April 22, 2020 under the visionary guidance of Dr. Ajay Kumar, Director, GLBIMR.
The speaker of the session was Mr. Suresh Prabhu, India’s Sherpa to the G20 & Member of Parliament, Rajya Sabha & Mr. Sanjay Kirloskar, President, AIMA was the moderator of the session.
During the session, Mr. Suresh Prabhu said that as businesses are closed to prevent transmission of COVID-19, financial concerns and job losses are the impacts of this virus. Also, there is a significant economic impact on financial markets. This pandemic has badly hit industries such as manufacturing, hospitality, travel and tourism. Travel and tourism account for 10% of the global GDP and 50 million jobs are at risk worldwide. Most airline businesses are on the verge of bankruptcy. He also highlighted the need for reengineering long term planning process. On jobs front, new job profiles based on hourly basis is a most likely change. He said that to plan for this disruption, India needs to put in more money for sustaining the livelihood & PM package of 1.20 Lac Crore is a part of that. He further emphasized on the need of recognizing the impact of diminishing and shifting bio-diversity on human lives, world economies and social life. He also highlighted that agriculture is a very important sector as it supports majority of the population & it is important to rejuvenate the agriculture sector to drive India's economy.
Overall, it was a highly informative and insightful session.