How will the Global economy recuperate after COVID-19 impact on Corporate Sector?

1. How will the Global economy recuperate after COVID-19 impact on Corporate Sector? Private organizations have to shoulder a greater responsibility as the public health is gregariously exposed to the risk because of the covid-19 pandemic. Conglomerates have pledged to manufacture ventilators so as to give complete support to the National Health systems. They have even generated affordable hand sanitizers to boost the hygiene levels and ensure smooth workability of supply change. The multi dollar funds raised are helping government to wipe off the covid-19 pandemic. It is also resulting in the support of the small businesses and the needy. These partnerships are bringing positivity and hope all over the globe. In fact, the scale of businesses is growing by leaps and bounds. Somehow, there are other issues that are gradually becoming more concerning. Global economy after COVID-19 It goes without saying that covid-19 pandemic has given up a new way of working to the government and corporate Giants. They are coming together and contributing to ensure your better public health and mitigate safety challenges. But how far is all this sustainable? Edelman annual trust barometer survey clearly says that people neither have a lot of Trust or distrust on corporate workability. When asked with a certain number of people, a major section of people showed support to the corporate organizations and even mentioned that the economy just cannot do without the contribution of corporations. Whereas, there were also a bunch of people who completely disagreed and said that the economy will not actually recover from the hard work of operations and brands. People are laying down their trust and hopes on the corporate organizations as well as on the government entities. They say that the corporate should carry out the safety measures and the government must fill up the shortcomings. Slowly and steadily, the new normal is giving opportunities to corporate to shake hands with the government. The government has to take care of the matter and manage things very imperatively in a very short time span. The act of balancing must include management of short term fiscal policy. but that should not compromise the economy as a whole. Everything must be planned in a way that remains sustainable for the long term and does not impact the growth of the country. Also, the environmental impact should be considered as a fair challenge. Oil to telecom business tycoon’s art of deal making has been the talk of India’s financial markets which is well lauded by top businessmen and market experts. Warren Buffett once quoted that “Risk comes from not knowing what you’re doing” and RIL Chairman’s strategic forward thinking and business acumen skills has immensely contributed to weigh down the risks and reap the potential benefits and opportunities from such huge investments.