The coronavirus outbreak in China will have a limited impact on India

Published On: Thursday, February 20, 2020 | By: Team KnowMyStock

The coronavirus outbreak in China will have a limited impact on India but the global GDP and trade will definitely get affected due to the large size of the Chinese economy, RBI Governor Shaktikanta Das has said. The pharmaceutical and electronic manufacturing sectors in India are dependent on China for inputs and they may be impacted, Das told. Alternatives are being explored to overcome these issues, he said. For India, China is an important trading partner and policymakers both in the government and the monetary authority "are very watchful of the developments that are taking place," Mr Das said. He noted that the critical thing to be watched and monitored now is how quickly Chinese authorities are able to contain the problem. For India, he said, the important aspect is manufacturer should be able to quickly develop alternative sources.

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