Visibly, two of the most important initiatives are the increasing role of government and digital technology as drivers of economic growth putting pandemic on back seat now. The only change inflicted by pandemic is the force that used to move markets, thus far no more effective now. Reshaping of manufacturing processes and industry is taking place with new procedures, online engagements and activities being infused in system which is seeing a changed mind-set from perspective of new normal perspective.
We are yet to experience many firsts in this year which started with government initiative of presenting first ever digital budget presentation for 2021-2022. Much emphasis was laid upon huge infrastructure spending, providing a boost to economic growth. Most of measures were announced to revive all sectors of economy contributing to recovery momentum. The focus this time was on creation of wealth and wellness stressing ‘Atmanirbharta’ as a mission objective to make India a self-reliant economy. Custom duty was hiked on refrigerators and air conditioning product which are likely to go up marginally by around 1% to reduce imports. Compressors mainly import inclined will become expensive. But all this means encouraging domestic production.
Many new trends are getting propped up and that we detail you from time to time though of course, Chary Publications is trending as ever attending virtual meetings and zoom sessions, to provide you all with latest content. Enjoy this issue too with interesting coverage. There is a fragrance of optimism not only for the future health of all, but also to recognize clean air and more upcoming measures for improved air exchange and ventilation strategies in future, as healthcare is at forefront in budget proposal. Much emphasis is also counting for hydrogen mission, and as per sources Reliance, Tata, Mahindras, IOC and others are visibly interested to take it to next levels, for its zero-carbon potential and role in energy transition.
As the world has moved online and more digitally possessed, I hope, 2021 will become a new normal stable year again for all of us.
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