The year 2020 caught everyone off the guard, be it nations, policy makers, corporates, small businesses and individuals. As covid-19 spread through the length and breadth of the world which ensued lockdowns in most economies resulting in consequential slowdown in economic activity.
In India too, nationwide lockdowns were announced, which stalled economic activity. Government and RBI ensured corrective fiscal and monetary actions to get the economy back on track. Uncertainty and Volatility remained the two sentiments which characterized the entire year. While government and RBI resorted to some unconventional tools, businesses and individual depending on their ability to cope with the uncertainty, sustained or found basic survival also difficult.
Thus as we close this year we look at the financial lessons that the year has significantly brought to forefront.
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