All these measures are expected to create a conducive business eco-system in India. 16. Policy actions taken by the Government and the Reserve Bank since the onset of the pandemic in early 2020 have mitigated the disruptive effects of the pandemic while restoring market confidence and ensuring quick revival in economic activity.
Alongside, businesses are going through a redefining phase and are adapting to the new realities emerging from the pandemic. Adoption of digital technologies and Artificial Intelligence (AI) is getting accelerated across firms/businesses/sectors. These disruptive technologies offer opportunities to young enterprises to create their own niche in markets dominated by incumbents.