Coronavirus fall to have minimal impact on India's GDP: Report
MUMBAI: India's limited presence in global supply chain network could help India with only a marginal impact on its economy and could benefit from fall in global crude prices and fall in US treasury bond yields, according to Bloomberg Economics, a Market Intelligence wing of Bloomberg News.
The corona virus is slowly spreading to the rest of the world which was largely concentrated in China: and is expected to have adverse economic consequences. If China's economy slows to 1.2 per cent in January-March quarter the GDP shock to India from the demand side could be about 0.4- 0.5 per cent, the report said. But the rest of the world slows if China slows, particularly many South Asian and European economies.