Strategic Shift in Indian Financial Sector- A Lesson from Pandemic (Covid-19)

Abstract

World economies are closely interconnected to each other. Any incident in world economy affects others too with same or lesser intensity. Pandemic COVID-19 was also the same incident which affected whole world economy at very high intensity. Every country was bearing lives loss, financial loss, economic distress etc. Through this conceptual paper author tried to provide an insight on the impact of pandemic condition on Indian financial sector. After the conceptual study and Meta-analysis it has been observed that a strategic shift in the working methodology of the financial sector has been observed. Physical mode transformed into digital mode. Many initiatives have taken by regulatory authorities for the smooth functioning of economy and to reduce the pandemic shock. Service provider and investors both have taken lesson from it and redesigned their strategies for the future course of action.