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.
Impact of COVID-19 on Indian economy
Due to increased unemployment and low salaries, many people did not have much money. There was decreased spending on non-essential items. So, consumption fell, and as a result, an economic slowdown occurred.
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.
The Future of work
It is expected that the future of work will be more humane. Most of the companies will follow ethical practices such as minimum wage rules, ethical work hours etc.