Impact of coronavirus on global trade
A GLOBAL TRAGEDY COVID-19
About the coronavirus (in short)
Now day coronavirus (COVID19) epidemic is become a biggest global tragedy for the whole world. This is a very dangerous virus having ability to impact the life of all the human beings. This virus is born in the City named wuhan which is situated in China. The virus was identified on 17th of November.
Total => 337,022 cases are found
Total deaths => 21,333
Total recoveries => 114,779
till now (26 March 2020 14:20).
1. Impact of coronavirus on indian trade
To prevent people from coronavirus the government of India shut down the whole private sector and almost 80% government sector ( Except health sector). The biggest start-ups of the country like trivago, oyo, ola, Zomato, uber are closed, these are not in working because whole country is under full lock down no-one can go outside so no one order food from Zomato or Ubereats no one Book hotels & room through oyo and trivago no one book any show from book my show that's why now these start-ups are not productive. The company & startup who deals on Regular Basis are not able to do dealing because the Government of India tries to create social distancing.
2. Impact of coronavirus on global trade.
Whole country is under lockdown not only India countries like Singapore and South Korea are also gone complete under lockdown. The private and public sector shutdown like first time the Delhi metro rail corporation is closed because of this they bear a loss of approx 30 to 40 crore. The Indian railway is also shut down almost 90% trains are closed.
The origin of virus is China. And China is the country who trade & deal with all over the world. For stopping the spread of coronavirus on one can visit in any country till the whole Situation is come in under control. Because of entry and exit of people is prohibited the trading and dealings are highly affected. Because the government of all different countries are tried to create social distancing.
The revenue of companies who deals in health sector and provide health services is increased. Infect the price of face mask and sanitizer is rise because the demand for face mask and sanitizer is highly increase. We also know the resources are scars and demand is very huge so the price of these things increase rapidly. Because of these impacts China's GDP has fallen as much as India has today.
on the other side global trade of face mask and sanitizer is increase because every country need more face mask & sanitizer because now the situation is very critical and every country need more sanitizer to sanitize the roads, hospitals and the public places.
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