Impact of Chinese Coronavirus on Indian Economy
NEST – Research Papers and Articles on COVID-19 Pandemic, September 2020, Vol. 1, Issue 1
8 Pages Posted: 23 Sep 2020
Date Written: September 22, 2020
Coronavirus (CoV) is a huge group of infections that causes illness. It ranges from the regular virus to progressively extreme illnesses like Middle East Respiratory Syndrome (MERS-CoV) and Severe Acute Respiratory Syndrome (SARS-CoV). The epic coronavirus is another strain of infection that has not been recognized in human up until now. WHO is working intimately with worldwide specialists, governments, and other wellbeing associations to give exhortation to the nations about prudent and preventive measures. China represents around 19.71per cent of worldwide GDP at purchasing power parity and clearly it will affect the economy internationally. In this manner, it is evaluated that the worldwide GDP will endure an effect of around – 0.5per cent. In terms of trade, China is the world's biggest exporter and second-biggest importer. It represents 13per cent of world fares and 11per cent of world imports. It assumes a significant role in the worldwide worth chain as a center point of both demand and supply. It is additionally India's biggest trading partner, representing the greatest share (14per cent) of imports. This article discusses how this impact will influences the Indian economy in near future.
Keywords: Coronavirus, World Health Organization, Pharmaceutical, Economy
JEL Classification: A1
Suggested Citation: Suggested Citation