Corona Virus Effect on Economy
Since we all are aware of the Wide spread of Corona Virus. We Indians are having lock down of 21 days in our country. Do you all aware of the fact that How it is going to effect our Economy? India is expected to have a major impact on the economic globally including economic shutdown, trade, supply, chain disruption, commodities, and logistics. As China is majorly affected by this Virus so Due to that India will also affect. India’s total electronic imports account for 45% of China. Around one-third of machinery and almost two-fifths of organic chemicals that India purchases from the world come from China? For automotive parts and fertilisers China’s share in India’s import is more than 25%. Around 65 to 70% of active pharmaceutical ingredients and around 90% of certain mobile phones come from China to India. let us have a look at the sector-wise impact on Indian industry Chemical Industry: Some chemi...