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Collaborations,joint efforts, positivity & working together will induce sustained growth:IIF Webinar
Prof. Kumar emphasised the need to bring people back out of negativity to boost the morale and confidence of people to deal with problems. He strongly emphasised that the focus of the governments should be on the long-term goals of the country while requirements of individuals should be kept in mind by the governments while formulating policies regarding problems brought on by COVID-19 and what will follow after it is brought under control. According to him, next six month will be very crucial to come out of crisis situation. He also emphasised the need to instil confidence in National Governments. He emphasized the need to work together having collaborative efforts both at micro and macro levels to have bright welfare oriented future for all.
Prof. Kumar outlined that creativity involving research and development and innovations would be the key to cope with such difficult situations. In critical times people need to be more creative and positive to deal with situations beyond their control and to overcome anger and depression.
Talking about youth he said that there is a paradigm shift. Creativity and ideas are coming with the new technologies which can shape a better world. He emphasized that there would be psychological impacts of isolation due to lockdown and the fear of the disease. These would have to be dealt with at present as well in the world beyond lockdown. Prof. Kumar expects that if these issues are dealt with, humans would look at life and nature from a new perspective and adopt a multi-dimensional approach. With his 60+ years of experience, including studies at Princeton University and hearing stories about life after the plague pandemic in the in 1918 from his father and of 1930s from his mother, he felt that positivity will help deal with the present crisis.
Indian Institute of Finance