Left Menu
Development News Edition

Coronavirus outbreak could impact India Inc: Report

PTI | New Delhi | Updated: 27-02-2020 16:24 IST | Created: 27-02-2020 16:24 IST
Coronavirus outbreak could impact India Inc: Report

Coronavirus outbreak could cause a dent to the recovery of the Indian economy amid supply chain disruptions and inflationary pressures, a report said on Thursday According to Dun & Bradstreet's Economy Observer report, manufacturing companies could face production disruptions if the length of the outbreak gets prolonged and their supply chain is not restored to normalcy

"The outbreak of coronavirus, through the direct and indirect linkages of trade and commerce and global supply chain, could impact Indian companies," said Arun Singh, Chief Economist Dun & Bradstreet India Singh further said that inflationary pressures are likely to rise, at least in the short term, through the channels of uncertainty and disruption in the supply chain

The coronavirus outbreak has brought a large part of the world's second-largest economy China to a standstill and its impact has been felt across industries On January 30, the World Health Organization (WHO) declared the coronavirus (COVID-19) outbreak a global health emergency

The death toll from the new coronavirus epidemic now stands at 2,744 in mainland China and there are now nearly 78,500 cases in total, officials said on Thursday According to Singh, there are signs of green shoots of recovery in the Indian economy, especially in the optimism levels of India Inc. However, there are some serious concerns which could delay the start of recovery process like the outbreak of coronavirus

Dun & Bradstreet said weak demand conditions along with high inflationary pressures and geopolitical issues are likely to keep Index of Industrial Production (IIP) subdued The research firm expects IIP to remain in a range of 0.1-0.5 per cent during January 2020. The country's industrial production growth had turned negative in December, contracting by 0.3 per cent, mainly on account of a decline in manufacturing sector output.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Download The Devdiscourse News App for Latest News.


TRENDING

OPINION / BLOG / INTERVIEW

Maritime transport post-COVID 19: Disruptions ahead in business models, techno-investments, regulations

Cargo shipping is a crucial part of the global supply chains and is likely to become more resilient along with efforts to make supply chains resilient but cruise liners could face much more disruptive changes....

Asia-Pacific response to COVID-19 and climate emergency must build a resilient and sustainable future

... ...

Videos

Latest News

Florida man suing Woods, caddie over alleged shove

A Florida man is suing Tiger Woods and caddie Joe LaCava over an alleged shove at the 2018 Valspar Championship and his lawyer asked witnesses to come forwar. Attorney Josh Dreschel, who represents Brian Borruso, issued a statement seeking ...

Barcelona president seeks reshuffle of club board

Barcelona president Josep Maria Bartomeu, whose tenure has been undermined by tense relations with players this season, wants to reform the clubs management because he distrusts certain directors, according to vice-president Emili Rousaud. ...

Coronavirus: California woman arrested for licking $1,800 worth of groceries

A California woman has been arrested after licking 1,800 worth of groceries and other items at a supermarket in the northern part of the state, police said Wednesday. Chris Fiore, spokesman for the South Lake Tahoe police department, near t...

Japan's economy faces extreme uncertainty as coronavirus spreads - c.bank head

Uncertainty over Japans economic outlook is extremely high as the coronavirus pandemic hits output and consumption, central bank Governor Haruhiko Kuroda said, stressing his readiness to take additional monetary steps to prevent a deep rece...

Give Feedback