PROPER MANAGEMENT REQUIRED TO UPLIFT THE ECONOMY AND BUSINESS HOUSES AFTER THE PANDEMIC

The lives of people have been shattered after the corona uprise. With very cases detected initially in the capital the lives of people got affected and the second thing that was affected badly is the economy. Be it International or National, trades were decreasing and suddenly after the increase in COVID cases, it led to the implementation of lockdown announced by the PM of India. Life came to a sudden halt as the people got stuck in their homes and the Market that is shops, offices, malls, etc were all closed. Business houses incurred huge losses and suffered a lot during this pandemic. Stocks became obsolete, people became jobless and transportation was closed. The whole cycle needed to run the supply chain was hindered because of the closure, but the business houses did have to pay their fixed incomes such as salaries of employees, rent, maintenance, etc. which in whole was not easy and need to overcome as soon as possible. After the reduction in the number of cases and the development of the corona vaccine the market is slowly reviving and proper management is necessary to uplift the economy and help the business houses to recover and come on track. Case: During the Pandemic, there was a serious shortage of various equipment like Masks, Sanitizers, Ventilators, etc. some came up with very innovative, prompt, and cost-effective ideas among them were Mr. Gupta. Mr. Pankaj Gupta is the Managing Partner of Singapore-based “EthAum Venture Partners” (Chengappa, 2020). Ventilators that are much more capable of pumping 2000ml oxygen per minute support a bodyweight of max 280 kgs no one have that much weight. He came up with the lifesaving idea of splitting the oxygen supply to four people. Utilizing the underutilized ventilator saved millions of lives during the Pandemic.