Insights by Mtichelle Shetty, 3P Consultants

1. INDIA: CURRENT SCENARIO
301, Hyde Park Saki Vihar Road, Andheri East Mumbai – 400072, India
November 2020
Tel: +91 22 67070303
www.3pconsultants.co.in
3P Consultants Pvt Ltd.

2. India - Overview
Rising Economic Powerhouse
Population: 1.4 Billion
India is a federal union comprising 28 states and 8 union territories
GDP - $2.6 trillion (FY2020-21)
Total FDI equity inflow is approx. US $ 50 Bn in fiscal year 2020
Foreign Exchange Reserve is US $ 555.120 Bn until Oct 2020
Exports during April-September 2020-21 were at $125.06 billion, posting a fall
of 21.43 % over the same period last year.
Imports during April-September 2020-21 @$148.69 billion compared to
$248.08 billion during the same period last year, a fall of 40.06 %
Source: Link1 , Link2 , Link3

3. #2 in world in terms of the number of confirmed coronavirus cases
#1 in world in terms of the number of recovered coronavirus cases (90%)
Inflation is expected to ease towards the end of FY21
India’s net Exports turned positive due to sharp compression in imports
GDP contracted by 24% in Q1 of FY 20-21
A sharp ‘V’-shaped recovery is unlikely to occur during this fiscal year
Pandemic : India Highlights
The current pandemic has led to an immediate and sudden spike in
unemployment across several key sectors
A spike in bad loans & limited fiscal head-room continues to be a dampner for the
banking sector
Source: Link1 , Link2 , Link3

4. Government Economic Package
• 26th March 2020: INR 1.7 trillion
(~USD 22 billion) relief package
announced by the Finance Minister
• 15th May 2020: the Prime Minister of
India declared a COVID relief package
of INR 20 trillion (~USD 260 billion).
• 12th Oct 2020, finance minister
unveiled a demand stimulus package
consisting of INR 73,000 Crore in
public expenditure by March 31, 2021.
• Ahead of the festive season, the
Narendra Modi government may
announce a fresh stimulus package of
approx. INR 35,000 Crores aimed at
creating jobs and increasing demand.
Source: Link1 , Link2 , Link3

5. Industry Impact
-14.70%
-13.30%
-6.30%
-9.70%
-17.30%
-1.30%
-0.40%
-13.90%
-9.30%Overall GVA
Mining & Quarrying
Manufacturing
Agriculture, Forestry & Fishing
Public Admin, Defense & Others
Trade, Hotels, Transport & Communication
Construction
Financial, Real Estate & Professional
Services
Electricity, Water & Other utilities
The Estimated
impact of
COVID 19 from
India by sector
GVA
April to Jun
2020
Note: GVA (Gross Value Added) is the measure of the value of goods and services produced in an area, industry or sector or an economy
Source: Link1

6. Sector Outlook
Sectors – Hiring
Green Shoots
Healthcare &
Diagnostic
equipment
Pharmaceutical
Agriculture
Chemicals
FMCG
Auto OEM &
Auto
Component
Electric Vehicle
& Allied
Infrastructure
Green Energy /
Power
Generation &
Distribution
Infrastructure
Technology /
Cloud
Computing,
IOT, AI
ITES / Shared
Services
Robotics /
Automation
Digital financial
services
Ecommerce,
Retail, Online
Service Delivery
Global Supply
value chains
E-learning,
Edtech, Training

7. Emerging Roles
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Agronomist
Digitization
Data Scientist
Data Analytics
Cloud Computing
E-Commerce
Insurance
Content Development
Artificial Intelligence
IoT
Block Chain
Touchless jobs
Robotics
Logistics
Contract Mfg.
Digital Health
Exports
E-learning

8. India Opportunity
• India is projected to have the largest working population in the world between 2022 and
2034, with 10 million youth entering the workforce every year & vast reservoir of skilled
Labor
• Opportunities for the Indian economy :
o Make in India Government Initiative (Aatmanirbhar Bharat Abhiyan)
o Robust and Resilient Agricultural Sector with India having the second largest arable land
in the world
o Low Crude Oil Prices
o Improved Ranking on Various World Indices
o Preferred Destination for Foreign Investment
o Digital Technology to Drive Financial Inclusion
o China’s Loss Can be India’s Gain
o Exports to boost India’s role in the global value chain
o Strong and Diversified Industrial and Infrastructural Base
o Demographic Dividend
o Burgeoning Foreign Exchange (Forex) Reserves
o Political Stability
Source: Link1

9. The
Way
Forward
The New Normal
Shortened hiring
timelines with
technology adoption
Adoption of
e-interviews,
e-joining,
e-induction
Transitioning beyond
geographical
boundaries
Majority online
white-collar
workforce
Focus on building
more Inclusive
Workforce
Career Pivots have
become the new
normal
Reskilling
& Training
Remote & Hybrid
Workforce
Emerging &
Declining job roles
Transitioning from
deploying Human
resources to
leveraging Human
Capital
WFH has ushered an
opportunity for
women to rebuild
their careers thereby
propel Diversity
Expanded data
collection of
employees
Source: Link1 , Link2 , Link3

10. India 2020 & Beyond
• Reset for a new mindset
• Survive, then thrive
• Focus on Building Markets for Tomorrow
• Networked India
• Younger and proactive population
• Adaption to technology and technology enabled services – A visible consumer trend
• Virtual Healthcare
• Integrated diagnostics, health service delivery and post care facilities
• Advanced Technology Innovations
• Mechanized Farming
• State of the Art Infrastructure
• Digital Payments
• Data management and analytics
• Integrated Supply chain Networks
• Hastened Public-Private interventions

11. THANK YOU