Question

which is the sector that will be affected more by covid 19?classify it into primary, secondary, tertiary


I need the answer quite lengthy by explaining that why it effect more in particular sector..........

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Answer 1

Answer:

The impact would depend on the extent of their business with China. The shutdown in China has prohibited import of various components affecting both Indian auto manufacturers and auto component industry. However, current levels of inventory seem to be sufficient for the Indian industry. In case the shutdown in China persists, it is expected to result in an 8-10 per cent contraction in Indian auto manufacturing in 2020. However, for the fledgling EV industry, the impact of coronavirus may be greater. China is dominant in the battery supply chain, as it accounts for around three-quarters of battery manufacturing capacity.