Image credit: Financial Express
By Shilpa Kumar
As countries prepare for Covid recovery, it is self-evident that the only insurance against such shocks is building a collective global immunity and staying prepared to respond swiftly. And yet, a trinity of divergences—divergences between the developed world & the global South, between larger corporates & smaller MSMEs, and between HNIs & the aspiring masses—pushing the world towards a riskier Covid legacy is a distinct possibility. 73.7% of humankind resides in emerging economies, almost 50% of the world population belongs to low & lower-middle income groups and 95% of India’s estimated 65 million MSMEs belong to the struggling small and micro category.
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