#IndianEconomy In a Group Discussion of my Alumni, most of who are industry seniors or leaders, what is emerging that India is on its recovery path. Salaries that were reduced by as much as 50%, is on the uptake and is going back to pre-covid levels.
Another person mentioned that large MNCs are signing contracts and closing them. In another case, no salary reduction.
To quote another, "Hurried layoffs and furloughs are making it harder to come back online. People are realizing the value of human capital and bench strength".
Point is India did not go down into a bottomless pit as was envisaged early on in March. Yes, there were hiccups but is bouncing back. Stock Markets are back to its back to pre-covid times and fluctuations. Toll collections are at 80%+ of pre-covid levels.
To me, this is more resilience of Indian economy of good companies that will adjust to the new normal of post covid that hopefully will pave way for more growth of organized sector with tertiary employment. 
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