Post-Covid world
The need for an emergency fund is now known to all. More and more people will start saving and building an emergency fund for uncertain times in future.
Development Finance Institution
Setting up of Development Finance Institution is a good step because it is very important to fix the infrastructure issues in India. But the government must take steps to prevent the repetition of the same mistakes that caused the closure of earlier DFIs. There should be transparency and accountability to make DFI sustainable.
The Future of Artificial Intelligence
At present websites and apps are providing personalized experience using Artificial intelligence. For example, YouTube provides personalized suggestions based on what we watch. In future, more personalized services will come including personalized healthcare services.
Quad
At present, all the Quad nations have trade relations with China. Quad is a great opportunity to diversify supply chains to reduce dependence on China and to opt for Free Trade Agreements among each other.
Is the United Nations still relevant?
United Nations was established on 24th October 1945. So, recently the UN has celebrated the 75th anniversary. As the UN failed to prevent COVID-19 pandemic, once again people are discussing whether the UN is still relevant.