In recent days we all are hearing about coronavirus covid-19. This virus is spreading all over the world. Many countries have been locked down.
The impact of Coronavirus on Indian Economy.
This virus was first found in Wuhan China in December 2019 and within 3 months this virus is spread all over the world, because of this the international trade has been stopped completely, the countries which were depending on China for raw material, are nearly closed due to lockdown in China. This is the first round of economics crises.
Coronavirus is spreading all over the globe, and all countries are locked down, trade has stopped for nearly a month, this result is shown on the stock market, as assumed more than 52lakh Cr loss has been faced in first month in India.
A Britan company named Barclays has reported on the Indian economy this result says that a lockdown of 21 days may result in a loss of 120 billion.
The assumed growth in Indian GDP was 5% but now that will be 3%.
The overall loss that will be faced by India is nearly 200 billion.
The impact of Coronavirus on Indian Economy.
This virus was first found in Wuhan China in December 2019 and within 3 months this virus is spread all over the world, because of this the international trade has been stopped completely, the countries which were depending on China for raw material, are nearly closed due to lockdown in China. This is the first round of economics crises.
Coronavirus is spreading all over the globe, and all countries are locked down, trade has stopped for nearly a month, this result is shown on the stock market, as assumed more than 52lakh Cr loss has been faced in first month in India.
A Britan company named Barclays has reported on the Indian economy this result says that a lockdown of 21 days may result in a loss of 120 billion.
The assumed growth in Indian GDP was 5% but now that will be 3%.
The overall loss that will be faced by India is nearly 200 billion.
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