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India's economy Come Back Soon After Covid19 Effect

  • Purple Realtors by
  • 17 April 2020
India's economy Come Back Soon After Covid19 Effect

Coronavirus will impact India's economic growth "severely", as the coronavirus lockdown is causing significant disruption across multiple sectors, including manufacturing, oil, financial, among others, says a report. 

According to Dun & Bradstreet's latest Economy Forecast, the probability of countries entering into recession and companies going bankrupt has increased and India is not likely to "remain decoupled" from the global meltdown.

On India's economic growth,  "given the 21-day and 19-day lockdown in India, India's GDP growth is expected to moderate further from our earlier estimate of 5 per cent for FY20. And growth for FY21 remained highly uncertain."

It is clear to everyone now that India is going through a severe slowdown, with Gross Domestic Product growth this year.

Same time some good oppurtunity for India-

Japan sets aside ¥243.5 billion to help firms shift production out of China

Japan has earmarked ¥243.5 billion of its record economic support package to help manufacturers shift production out of China as the coronavirus pandemic disrupts supply chains between the major trading partners.

South Korean Companies Want To Move Units From China To India; Hyundai Steel, Posco In Talks With Govt.

Due to the rising trade war tensions between the United States (US) and China, several South Korean companies might consider moving their units from the communist nation to India.

According to the report, the Korean consulate in Indian city of Chennai has been working with many requests from their companies with established units in China. While, some are still in their preliminary stages, others have reached the advanced stages of discussion.

Private equity firms have a record $1.5 trillion in cash ready to deploy and have been actively seeking deals across the struggling travel, entertainment and energy industries, according to a half-dozen investment bankers.

"Coronavirus world might seem to appear, it does not pull me down. Instead, by looking around I get great hope and confidence to bounce back . I have no doubts that the nation will be able to rise above this crisis. It might take time but there is ample optimism to show that it is possible." Gautam Adani

"The corona crisis is no different. I do not have any doubt that,  We will defeat the Corona hands down  and The Indian Economy will bounce back in a great manner." 

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