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Novel Coronavirus, Covid-19 Impact in India

Coronaviruses are a family of viruses that cause illnesses ranging from the common cold to more severe diseases such as severe acute respiratory syndrome. The WHO has declared the Novel Coronavirus, Covid-19 a pandemic. India under lockdown.

Impact of novel Coronavirus, Covid-19 on Business
  • Covid-19 has impacted global economies. Imports from China, US, UK, Italy, Japan are under hault due to International lockdown.
  • Most impacted industrial sectors in India: Aviation, Tourism, Hospitality, Auto, Event, Textile, Retail
  • In India there are 48 million SMEs. It is reported that 50 per cent SMEs will shut down if the global panic extends up-to 8 weeks.
  • Over 50 per cent of Indian companies see impact on their operations and nearly 80 per cent have witnessed decline in cash flows, says a survey.
  • Rupee vs Dollar: Rupee fell to all-time low of 76.15 on coronavirus scare.
  • As on March 23, the Sensex ended at 25,981, down 3,934 points, while Nifty fell 13% to 7,610 – their biggest one-day fall ever.

   


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