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Sunday, April 11, 2021

Coronavirus – Blessing in disguise for the Indian Economy? A lot depends on the Indian companies.

The spread of the novel coronavirus causing COVID-19 is slowing down in mainland China, while it is picking up elsewhere. It has reached every continent except Antarctica. Outside mainland China, the virus caused 173 deaths as of 3rd march. As of March the first week, there were more than 3,000 deaths linked to COVID-19, far exceeding deaths from SARS, which killed 774 individuals worldwide. Albeit, the count of deaths is not sky high, the outbreak has a serious impact on the global economy and obviously on the Indian economy too. However, The outbreak comes as a blessing in disguise for the Indian Economy. The Indian economy has a perfect opportunity to rise to the occasion. 

Reading: India can fill up export market space vacated by China due to coronavirus: Assocham 


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