heya guys.... how is lockdown hampering indian economy? write a pragraph writing within 200 words..
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Answer:
HEY MATE
With fresh coronavirus cases on the rise in India, the nation has started witnessing second-round effects of the virus spread: a complete halt to economic activity.
The government, analysts said, must consider more measures to tackle the situation, if third round of effects – job losses, stretched balance sheets, lower capex and weak consumer demand – are to be tamed.
The first two rounds of coronavirus outbreak have already wiped off Rs 52 lakh crore worth of equity investor wealth, with benchmarks Sensex and Nifty languishing at multi-year lows after falling 35 per cent from their January peaks
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Answer:
Hii here is your answer:
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 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 fertilisers 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.
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