The trade impact of the coronavirus epidemic for India is estimated to be about $348 million.
The country now figures among top 15 economies most affected by the manufacturing slowdown as per UN report.
Kaizen Market Research And Consultancy would like to highlight the impact of slowdown due to COVID-19 for different sectors and trades in India. There are different opportunities exist in this slow-down where the business can look at the brighter side of the picture.
Manufacturing Sector:
The impact of the deadly novel coronavirus (Covid-19) is having a cascading effect on supply chains and a number of segments.
About $550 billion out of the $825 billion of consumer spending on merchandise is accounted for by food and grocery.
Automakers, smartphone makers, consumer electronic firms, appliance majors and many others have ordered shutdowns till month-end. While some will take stock by March 25, others will remain shut till March 31, causing incalculable damage to production of key products.
“In an extreme case such as a complete shutdown of all factories by all industries for one month, we estimate that real manufacturing GVA would fall by a sharp 5% in FY21,” said Sachchidanand Shukla, chief economist, Mahindra Group. “This would result in a loss of $31 billion (approx) in value added for the manufacturing sector during the year.

Kaizen Market Research shall explain in the next release with the strategies to handle the situation and identification of opportunities with help of various research methods. For mote information, please logon to www.kaizenmarketresearch.com
About Kaizen Market Research And Consultancy
Kaizen Market research is a leading market research company based out of Mumbai with its local presence in Ahmedanad, Vadodara, Pune, Delhi, Kolkata, Bangalore and Hyderabad. The company is into market research and consultation services which include Demand Estimation, Project Feasibility Report, Competitive Intelligence, consumer behavior study and many other services.

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URL : http://www.kaizenmarketresearch.com/

Blog ID : 254764

Category : Blog

Date Added : 8-5-2020

Tags : coronavirus | different

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