Rapid outbreak of Covid-19 is presenting an alarming health and economic crisis the world is grappling with. Amidst all this, India stands tall as a beacon of hope, economically and strategically. Quite simply, this pandemic of our era has put global economic events in perspective. Adi Partners through their deep operating expertise and granular insights, discuss how to revive and rejuvenate India's Economy, post Covid-19.

1. Lessons from COVID-19
How to Revive and Rejuvenate
Business and Economy
Sanjay Viswanathan
Chairman, AdiGroup
14 April 2020
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2. Discussion Structure
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Scientific Context of Covid-19
Economic Impact of Covid-19
Growth Engines of India
AdiPIE© Model for Revival and Growth
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3. Covid-19, an unprecedented once-in-a-century event.
On par with Black Death of 1347, The Plague of 1665, Cholera Outbreak of 1817, and Spanish Flu of 1918.
Tectonic shift at Scientific, Social, Economic, and Political levels.
In India since 30 Jan, Covid-19 has galloped across the country in c.75 days.
Likely to peak in India June 3rd Week, with 40,000 daily new cases and 300,000 total cases.
(BCG and John Hopkins-Report, 25 March 2020)
Globally, over c.1.9mn infected in c.130 days, 60x of Ebola and 200x of SARS.
Scientific Context of Covid-19
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4. 4
Scientific Context of Covid-19
Good News for India
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5. 5
Economic Impact of Covid-19
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US-China Trade war, Brexit, US Presidential Elections,
and Great Slowdown of Indian Economy
will appear like footnote in history, relative to Covid-19.

6. Severe global recession as nations shut down economic activity.
20% decline in manufacturing output from China so far.
Further decline in output to continue for China and ROW.
India’s decline in real activity started July 2019.
(Brookings-FT-TIGER Index, April 2020)
India GDP expected to shrink by over 40%.
Consensus forecast is for India to grow c.3.0%.
Firms grappling with low-to-zero inventory levels.
Countries to look for alternative supply chains to mitigate China risk.
INR depreciated c.8% vs USD to BRL’s 25% (since Feb 2020).
Economic Impact of Covid-19
Good News for India
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DEMAND SIDE SUPPLY SIDE
Tourism Agriculture
Hospitality Healthcare
Aviation Electronics
Retail Chemical
Steel
Fertilizer
Infrastructure
Automobile
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7. Demographic Dividend
In 2019, India entered 37-yr period of demographic advantage.
Global Supply Chain
Supply chain disruptions will give India an opportunity to supplement China.
Infrastructure investment (incl. Healthcare)
Large scale Infrastructure projects will provide mass employment.
Increased Literacy (incl. BPL segment)
Will uplift wide swathes of India’s population and drive consumption.
Agricultural Transformation
Transform India’s Farmer to 21st century and become World’s Bread Basket.
Growth Engines of India
Good News for India
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8. AdiPIE© Model is based on fundamental
economic research into Transformation of
Nations.
To re-boot and re-build in this Post-Covid-19
era, India should address all three pillars –
Policy, Initiatives and Ecosystem – holistically.
AdiPIE© will address three sectors that hold
the key to India’s economic El Dorado –
Agriculture, Manufacturing and Infrastructure.
AdiPIE© Model for Revival and Growth
For Business and Economy
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60%
30%
10%
AdiPIE©
Policy
Initiative
Ecosystem

9. Balance Sheet
Focus on Cash in 30-30-30 Model.
Velocity
Explore Growth avenues by looking at Adjacencies.
Co-Opetition
Change the game through Partnerships with Competition.
Customer Bond
Deepen customer relationships through Freemium Model.
Innovation
Invest in building tomorrow’s products and services with 15 & 20 Practice.
AdiPIE© Model for Revival and Growth
For Business
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10. AdiPIE© Model for Revival and Growth
For Economy Agriculture (8 Priority States)
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POLICY ECOSYSTEM
1.Create India SWF ($200bn) to focus on Infra, Mfg. and Agriculture. 1. Farmers
2. Landlords
3. Investors
4. Banks/NBFC
5. State Govts
6. Migrant Com
7. Institutes
8. Research
9. Regulatory
2. Set up India AgriTech Authority (IATA) to drive policy and monitor
progress.
3.Create central Public-Private Sector Entity called India AgriTech Corp
Ltd (IATCL), that acquires stakes in Farming entities.
4.Drive Investments through Public-Private Partnerships (PPP Model).
5.IATCL Guarantees minimum IRR Thresholds through MSP
Agreements.

11. AdiPIE© Model for Revival and Growth
For Economy Manufacturing (8 Priority States)
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POLICY ECOSYSTEM
1.Create India SWF ($200bn) to focus on Infra, Mfg. and Agriculture. 1. Operators
2. Investors
3. Banks/ NBFCs
4. State Govts
5. Employees
6. Migrant Com
7. Institutes
8. Research
9. Regulatory
2. Set up Make in India Authority (MIIA) to drive policy and monitor
progress.
3.Create central Public-Private Sector Entity called Make in India Corp
Ltd (MICL), that acquires stakes in Mfg. entities.
4.Drive Investments through Public-Private Partnerships (PPP Model).
5.MICL Guarantees minimum IRR Thresholds through Purchase
Agreements.

12. AdiPIE© Model for Revival and Growth
For Economy Infrastructure (8 Priority States)
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POLICY ECOSYSTEM
1.Create India SWF ($200bn) to focus on Infra, Mfg. and Agriculture. 1. Operators
2. Sponsors
3. State Govts
4. Employees
5. Migrant Com
6. Ancillaries
7. Institutes
8. Research
9. Regulatory
2. Set up Infrastructure Development Authority (IFDA) to drive policy and monitor
progress.
3.Create central Public-Private Sector Entity called India Infrastructure Corp Ltd,
that acquires stakes in Infra projects.
4.Drive Investments through Public-Private Partnerships (PPP Model).
5.IICL Guarantees minimum IRR Thresholds through Purchase Agreements.
6.Reform Land acquisitions, so Land transfers are completed in 100 days of Project
Approvals by IICL.
7. Set up and Operate Indian Migrant Community Pension Plan, managed by LIC or
similar .

13. In Summary
Good News for India
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Demographic Dividend
In 2019, India entered 37-yr period of demographic advantage.
Global Supply Chain
Supply chain disruptions will give India an opportunity to supplement China.
Infrastructure investment (incl. Healthcare)
Large scale Infrastructure projects will provide mass employment.
Increased Literacy (incl. BPL segment)
Will uplift wide swathes of India’s population and drive consumption.
Agricultural Transformation
Transform India’s Farmer to 21st century and become World’s Bread Basket.

14. Q & A
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15. Lessons from COVID-19
How to Revive and Rejuvenate
Business and Economy
Sanjay Viswanathan
Chairman, AdiGroup
14 April 2020
Strictly Confidential © Adi Partners, 2020-22
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