Despite recent surges in Covid cases, India’s economy is resilient and well versed to handle a second wave. Backed by experience and vaccinations, the Finance Ministry has stated any further waves will result in fewer risks to the economy. From the health infrastructure to sufficient testing, to economic activity, this country is learning to adapt to the pandemic, rather than allow it to cause the state to come to a standstill.
As stated in the monthly economic review by the Department of Economic Affairs, this expectation is further backed by the speedy vaccination roll-out.
Agri-Tech
Home to an astonishing 1.3 billion people, it’s little wonder over 50% of the population in India is involved in the agricultural industry. Thankfully, this sector remains in the limelight. Between 2020 and 2021, food grain manufacture touched on 303.34 million tonnes for the fifth successive year in a row, topping that of past production levels.
One of the key reasons this industry is thriving throughout a global crisis is simply down to the fact everyone needs food – pandemic or no pandemic. It’s how this food is being distributed that has changed. The pandemic has pushed numerous agricultural sectors in India to invest in high-end technology to digitalise this area.
Numerous farmers are now using digital methods as opposed to conventional marketing channels to communicate with wholesalers and sell their products safely and efficiently.
Ed-Tech
Naturally, with the closure of physical schools, colleges and universities, the ed-tech industry is booming, not only in India but across the globe. Subsequent lockdowns have caused a sizeable increase in users, with ed-tech proving a saviour to students, parents and teachers. This has caused numerous platforms to create learning tools that are both interactive and innovative, comprising live classes, virtual practice papers, online exams and ultimately an enticing learning experience for students.
Due to the demand for knowledge and skill-based learning, online courses have also seen a surge in the professional market – whether individuals are looking to heighten skills they already have, wish to take their skill-sets online or desire to change career entirely.
This increase in demand, by businesses, professionals and students is having a huge effect on the growth of ed-tech, which is only set to get bigger going forward, as more people realise how much can be achieved online.
Online gaming
Online gaming and online casinos are another industry to have thrived throughout the pandemic. With many of the world being forced to stay at home, online gaming has proved a god-send to those looking to while away the hours, engage with like-minded people (at a safe distance) and keep themselves occupied.
Both video games and online casino games, such as top slots titles from software developers like NetEnt and Playtec, have come to the rescue. A great website to use to find these games is Gamble.xyz, that lists the best sites to play slots online at. There you can also find plenty of generous welcome offers for new players as well.
With countless options to select from, all available on PC, console and mobile devices, as well as various new trends embracing VR and AR tech, this is one industry that is showing no sign of slowing down.
Med-Tech
Med-tech has cushioned the impact of huge demands on the healthcare industry. From lifesaving ventilators to infra-red thermometers, this technology has had a positive impact on the medical industry. Telemedicine on the other hand enables patients to consult with doctors virtually – a huge help to the vulnerable and those based in remote areas.
On top of ensuring those who require help are receiving it safely, an increase in cloud-based storage methods has been a godsend to researchers, doctors and healthcare institutes looking to tackle a mountain of documentation and paperwork – all a result of the pandemic.
Target: indiacsr.in
