• About Us
  • Submit Your Story or Interview
  • Advertise with US
  • Career
  • Contact Us
  • Write For us
startup insider
  • Home
  • News & Updates
  • Startup Stories
  • Interviews
  • Press Release
  • Blog
  • Submit Your Story or Interview
No Result
View All Result
  • Home
  • News & Updates
  • Startup Stories
  • Interviews
  • Press Release
  • Blog
  • Submit Your Story or Interview
No Result
View All Result
startup insider
No Result
View All Result
Home News & Updates

Coronavirus Outbreak In China Affects Indian Business

Harsh Verma by Harsh Verma
in News & Updates
1
Share on FacebookShare on Twitter

China has witnessed more than 70,000 coronavirus cases and more than 2400 deaths until now. The virus has spread in more than 30 countries, and the number of cases is rising. So far 3 reports of coronavirus were reported in India. Hopefully, all 3 of them were quarantined and safely recovered. To stop the breakthrough of this epidemic virus, India had already halted the process of Visa to China, and travel ban got imposed. Amid the virus outbreak, Indian manufacturing hub is also affected now. According to the Confederation of Indian Industry (CII), India is dependent on about 45% of total electronics imports from China.

coronavirus india economy के लिए इमेज नतीजे

The supply of raw materials for the production of TV, AC, mobile phones and other gadgets are gradually decreasing. Therefore due to a shortage of equipment, the manufacturers are likely to raise prices for these items. Several companies that rely on Chinese materials are already cutting down promotional offers. Companies like Voltas, Whirlpool, Havells can increase the costs of gadgets like TV can increase by up to 4-6%.

coronavirus

Moreover, the aviation, tourism sector is likely to witness downfall from March. Due to the china virus outbreak, the global economy is badly hit. Its also evident that when most of the global markets witness slowdown, almost every country gets affected. Other significant sectors like automobiles, pharmaceuticals are also going to miscued in India.

coronavirus

Till now the virus is uncontrollable, and several cases are rising every day. If the epidemic continues for a longer time, Indian petrochemical export to china will also get hit. Currently, India exports around 34% of petrochemicals to a neighboring country like China. Talking about small business people in China, they have been affected the most by this epidemic. Talking about official figures, the retail inflation in China was 5.4 per cent last month.

Read More:-This UP Based Startup Brings Fuel To Your Doorstep

Major cities of China like Wuhan, Hubei and Hong Kong are under lockdown. These cities are the hub for the manufacturing, and the global economy depends on it. India is to observe a significant negative impact on imports and shipping in different industries. Surprisingly most prominent exports in India is dependent on China. In the year 2018, China shipped assets worth $90.4bn to and valued for 14.63% of the commodities in India.

Tags: chinacoronavirusglobalindianmanufacturingraw materials
ShareTweetShare
Previous Post

This UP Based Startup Brings Fuel To Your Doorstep

Next Post

Puma India revenues grow 23% to Rs 1413 crore

Harsh Verma

Harsh Verma

Related Posts

Deepika Padukone
News & Updates

Deepika Padukone Becomes First Indian Face to be House Ambassador for Louis Vuitton

May 12, 2022
Shopflo
Funding News

Shopflo, a SaaS startup for D2C brands, raises $2.6M in a Seed round

May 12, 2022
Vishakha Mulye
News & Updates

Aditya Birla Capital Appoints Vishakha Mulye As CEO

April 24, 2022
STARTUP Benefits In INDIA
News & Updates

STARTUP Benefits In INDIA

April 19, 2022
IPL 2022
News & Updates

BCCI Buys Insurance Cover Of ₹5,000 Crore For IPL 2022, The Largest For Any Sporting Event In India

April 14, 2022
Tata Neu
News & Updates

Tata’s all-in-one super-app ‘Tata Neu’ is live for all users

April 8, 2022
Next Post

Puma India revenues grow 23% to Rs 1413 crore

stress

Food that calms the workload and stress of office

Apple Retail Store

Tim Cook Confirms: First Apple Retail Store To Be Opened By 2021

Subscribe For More Update

ADVERTISEMENT
  • banksathi

    Despite Covid-19 challenges, Banksathi founders committed to their Craft

    1 shares
    Share 0 Tweet 0
  • Unique Hobbies Based Startup HOBBYHUB

    1 shares
    Share 0 Tweet 0
  • Amazon All Set To Enter India’s Food Delivery Market

    1 shares
    Share 0 Tweet 0
  • Swiggy Startup Success Story – In-Depth Analysis

    1 shares
    Share 0 Tweet 0
  • Tim Cook Confirms: First Apple Retail Store To Be Opened By 2021

    1 shares
    Share 0 Tweet 0
PU college

How to choose a good PU college for yourself

May 15, 2022
Deepika Padukone

Deepika Padukone Becomes First Indian Face to be House Ambassador for Louis Vuitton

May 12, 2022
Shopflo

Shopflo, a SaaS startup for D2C brands, raises $2.6M in a Seed round

May 12, 2022
startup insider

Startup Insider is a prominent news website which deals with startup news, stories, interview tips, gives the latest update about events and conferences. We aim to provide significant knowledge and information to the people who visit this website.

Mail : media@startupinsider.in

Phone : 91-9034408083

Categories

  • Auto
  • Blog
  • ceo Story
  • Crypto
  • Funding News
  • Interviews
  • News & Updates
  • Press Release
  • Profile
  • Startup Stories


img

Recent

  • How to choose a good PU college for yourself
  • Deepika Padukone Becomes First Indian Face to be House Ambassador for Louis Vuitton
  • Shopflo, a SaaS startup for D2C brands, raises $2.6M in a Seed round
  • About Us
  • Contact Us
  • Submit Your Story or Interview
  • Advertise with Us
  • Career
  • Privacy
  • Terms of Use
  • Write For us

© 2020 Startup Insider

No Result
View All Result
  • Home
  • News & Updates
  • Startup Stories
  • Interviews
  • Press Release
  • Blog
  • Submit Your Story or Interview

© 2020 Startup Insider