The year 2020 was the year which had a pause for “Business As Usual (BAU)” that saw unforeseen sufferings to mankind from a pandemic that impacted 220 countries, billions of people across the globe and millions of businesses.
It will also be remembered as a year of innovation, compassion, care and generosity. Join us in expressing gratitude for the silver linings of 2020 and wishing for a turnaround in 2021.
Silver linings of 2020, to Humans:
• A sudden pandemic hit the world and scientists responded with the fastest vaccines ever developed.
• The new practices which were implemented in no time such as “Work From Home (WFH)” and “Study From Home” are here to stay.
• We all are grateful to the health care professionals, who continue to work tirelessly for care and have saved lives.
• Governments responded swiftly reaching out and supporting people; working beyond the norms.
• We see people as people like we never did before, contributing with a sense of empathy, generosity, and care.
• After 83 Million people getting affected and having lost 1.8 Million lives the COVID vaccines are likely to be administered in 2021 to approximately 2 Billion population that will bring the cheer back whilst enabling and augmenting the herd immunity.
• After Resilience of humans are extra ordinary, we will bounce back as never before.
Silver linings of 2020 to Businesses:
• Huge disruptive innovation in the way we work with virtual events & business calls, remote working, FinTech solutions and digital workflows, that will continue to improve.
• The International Monetary Fund (IMF) has forecasted that the global economy could shrink 4.4% in 2020 before bouncing back to 5.2% growth in 2021.
• Emerging markets including countries such as India, would witness a fast pace of economic growth averaging at 7.4% in 2021, a Morgan Stanley research report has said.
• However, the IMF has warned that the return of growth to pre—pandemic levels will be “long, uneven and uncertain”.
• The future of work will be flexible! With an abundance of flexible talent in the market and with more than 80% of Global CXOs embarking on digital acceleration and optimising people costs, 2021 will establish new technology driven strategies.
In such a challenging environment, Arogya Finance has firmly positioned its Healthcare FinTech solutions to meet the surging demand for Out of Pocket health and wellness expenditures. Having recovered from the pandemic induced lows of April-June quarter, Arogya Finance is now operating above the pre-covid levels. Across its product lines such as Arogya Gold Card, Arogya Platinum Card and Medical Loans, Arogya Finance is now consistently touching over 20,000 families a month.
We wish you all a great start to the New Year 2021!
