Pandemic pushes back world economy by 5-10 years, says Bata Global CEO

The Covid-19 pandemic is perhaps the “most important” world event in our lives and has set back the world economy and people by 5-10 years, Bata Corporation Global CEO said. . Sandeep Kataria.

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Although the pandemic has affected almost everything in the past 15 months, he expressed hope to soon leave behind medical worries due to the “innovation and ingenuity” demonstrated by humanity in the past 15 months. this period.

While providing the conversion address at XLRI Almost, Kataria says, there will also be the inevitable rise of the new order, a new normal. Kataria was awarded the title of ‘Sir Jehangir Ghandy Medal for Industrial and Social Peace’ by XLRI this year. “As I look to the future with optimism – I am referring to the inevitable rise of a new order, a new normal – an opportunity to recapitulate many of the notions that we have taken for granted. has been natural for the past 50 years and provides an opportunity like never before,” he said.

Combined with the constant changes in the geopolitical map of the world and technological disruptions, global warming and accelerating markets over the past decade, significant changes will be witnessed. ​at work, Kataria added. “India with its demographics, stable democracy, and famous resilience, and jugaad puts it and all Indians in a great position to benefit from it,” he said. these changes.

Addressing incoming graduates, Kataria said they are graduating at a “wonderful time” well-timed for the global economy and India in particular. Kataria also suggested the key capabilities needed to grow over the next 30 years and said, “We’re going to need more leaders and fewer managers.” He suggests students have “curiosity and the ability to learn and relearn” and stretch goals. and talk,

“Be a Javelin Thrower, not an Archer.” A virtual summoning ceremony was held for the final farewell for the 2019-21 batch. Kataria was the main guest of XLRI’s 65th Annual Meeting. Besides, Tata Steel India and Southeast Asia CEO and Chairman, Board of Governors at XLRI TV Narendran was also present with Father. Paul Fernandes SJ, Director of XLRI.