New Delhi: The impact of the corona virus continues to deepen. So far, more than 1600 people have died in China, while around 45 thousand people are said to be infected worldwide. Despite all efforts, doctors have so far failed to rein in it. Global trade has also come under the grip of Corona and hundreds of crores are being lost. According to a Times of India report, 28 per cent of India’s imports could be affected by this.
Imports of 40 per cent of the chemicals from China depend largely on China for electrical machinery, mechanical appliances, organic chemicals, plastics and surgical instruments. Their contribution to India’s imports is close to 28 per cent and due to the impact of the global supply chain, India’s imports are sure to be affected. India imports 40 percent of the organic chemicals from China and China also contributes to the electrical machinery. If the imports of these products are affected, the auto, chemical and pharmaceutical sectors will be negatively affected.
India’s total imports in 2018 were $ 507 billion. China’s contribution in this was $ 73 billion, about 14 percent. Looking at the current situation, it is said that the factory and industrial hub in China will remain closed even after 17 February. Until the situation becomes normal, production in China will be very low and all countries of the world will have to bear the loss as China is the biggest exporter for them.
