Post-pandemic period

Darrell Huntsman’s take on the CV industry’s journey in a postpandemic period made for an interesting read. His statement that he is seeing a strong recovery globally on the economic front made a positive impact. He rightly stated that different regions will drive different recovery patterns. Not having envisaged the way the second wave situation would develop in India starting late April 2021, Huntsman made an important point when he said that he is confident of China continuing to be a strong growth driver for the world economy at eight per cent. Little did he think at that point perhaps that the lab leak theory would regain strength once again in May 2021 concerning Covid-19 virus and its tendency to mutate. The Indian variant of the virus has soon turned into a strain of concern. Huntsman’s expectation that India would see a nice growth spike of 11 per cent despite being hit hard by the pandemic may not hold true unfortunately after the damage done by the second wave of the pandemic. His statement that governments will provide a stimulus for businesses to reinvent themselves and contribute to the economic growth should help the global economy to resurrect itself, India included. His observations concerning growth against rapid pace of vaccinations made for an interesting observation. Also, about commercial vehicles and fleets entering insurance business. For new and interesting business models to take hold in India, a conducive business environment and trust is necessary.