The Coronavirus could not have come at a wrong time for the Indian economy, which is already suffering from slowdown and trying to cope up with the recession.
What most people fail to understand is the correlation of India with China and its supply chain. Not only has the stock market crashed daily but also sectors such as Automobile, Textile, Diamond, Tourism and Travel, Aviation Industry are in the bad shape. Besides, these industries do not seem to have a Plan B for revival. Apart from this, recently Gold prices fell and Rupee has touched its lowest i.e. $1= Rs. 74. Indian Economy has wasted the first quarter of 2020 and I have a feeling that it can be in deep trouble in the upcoming quarters.
Author:
Dharmendra Khairajani, Assistant Professor, Unitedworld School of Liberal Arts and Mass Communication (USLM)
Disclaimer: The opinions / views expressed in this article are solely of the author in his / her individual capacity. They do not purport to reflect the opinions and/or views of the College and/or University or its members.
