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Presentation COVID

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Asgar Alam Azad
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18 views

Presentation COVID

Uploaded by

Asgar Alam Azad
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Introduction:

cCoronavirus (CoV) is a large family of viruses that causes illness. It ranges


from the common cold to more severe diseases like Middle East Respiratory
Syndrome (MERS-CoV) and Severe Acute Respiratory Syndrome (SARS-CoV).
The novel coronavirus is a new strain of virus that has not been identified in
human so far. Coronavirus outbreak was first reported in Wuhan, China on 31
December, 2019. Before reading in detail about the impact, first, let us study
about oronavirus.
Impacts of COVID-19:
The pandemic has been affecting the entire food system and has laid bare its
fragility. Border closures, trade restrictions and confinement measures have
been preventing farmers from accessing markets, including for buying inputs
and selling their produce, and agricultural workers from harvesting crops, thus
disrupting domestic and international food supply chains and reducing access
to healthy, safe and diverse diets. The pandemic has decimated jobs and placed
millions of livelihoods at risk.
The economic and social disruption caused by the pandemic is devastating:
tens of millions of people are at risk of falling into extreme poverty, while the
number of undernourished people, currently estimated at nearly 690 million,
could increase by up to 132 million by the end of the year.
Impact on Indian Economy:
According to the survey, COVID-19 is having a 'deep impact' on Indian
businesses, over the coming month's jobs are at high risk because firms are
looking for some reduction in manpower. Further, it is added that already
COVID-19 crisis has caused an unprecedented collapse in economic activities
over the last few weeks
In Terms of Trade:
China is the world’s largest exporter and second-largest importer. It accounts
for 13% of world exports and 11% of world imports.
Up to a large extent, it will impact the Indian industry. In imports, the
dependence of India on China is huge. Of the top 20 products (at the two-digit
of HS Code) that India imports from the world, China accounts for a significant
share in most of them.
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 fertilizers 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.
Therefore, we can say that due to the current outbreak of coronavirus in China,
the import dependence on China will have a significant impact on the Indian
industry.
In Terms of Export:
China is India’s 3rd largest export partner and accounts for around 5% share.
The impact may result in the following sectors namely organic chemicals,
plastics, fish products, cotton, ores, etc.
We also can’t ignore that most of the Indian companies are located in the
eastern part of China. In China, about 72% of companies in India are located in
cities like Shanghai, Beijing, provinces of Guangdong, Jiangsu, and Shandong.
In various sectors, these companies work including Industrial manufacturing,
manufacturing services, IT and BPO, Logistics, Chemicals, Airlines, and
tourism.
It has been seen that some sectors of India have been impacted by the outbreak
of coronavirus in China including shipping, pharmaceuticals, automobiles,
mobiles, electronics, textiles, etc. Also, a supply chain may affect some
disruptions associates with industries and markets. Overall, the impact of
coronavirus in the industry
Sector-Wise Analysis
Shipping Industry: Coronavirus outbreak has impacted the business of cargo
movement service providers. As per the sources, per day per vessel has declined
by more than 75-80% in dry bulk trade.
Pharmaceuticals Industry: Despite being one of the top formulations of drug
exporters in the world, the pharma industry of India relies heavily on import as
of bulk drugs. Due to the coronavirus outbreak, it will also be impacted
Textiles Industry: Due to coronavirus outbreak, several garments/textile
factories in China have halted operations that in turn affecting the exports of
fabric, yarn and other raw materials from India.
Solar Power Sector: Indian developers may face some shortfall of raw
materials needed in solar panels/cells and limited stocks from China.

IT Industry: The New Year holidays in China has been extended due to
coronavirus outbreak that adversely impacted the revenue and growth of Indian
IT companies.
Tourism and Aviation: Due to the coronavirus outbreak, the inflow of tourists
from China and from other East Asian regions to India will lose that will impact
the tourism sector and revenue.
Conclusion:
An outbreak of COVID-19 impacted the whole world and has been felt across
industries. The outbreak is declared as a national emergency by the World
Health Organization. In India the three major contributors to GDP namely
private consumption, investment and external trade will all get affected. World
and Indian economy are attempting to mitigate the health risks of COVID-19
with the economic risks and necessary measures needed will be taken to
improve it.

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