ఈ మహమ్మారి వల్ల భారత్ లాభపడనుందా? | Companies looking out for an alternative to China by investing in India | Planet Leaf Exclusive Videos... Keep Following us for more Interesting Videos...
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The firms have been making queries on how to set up an alternative to China by investing in India.
With experts predicting China's production activities to remain subdued for two quarters, emerging markets like India may attract a large number of foreign businesses and investments.
Economic activity has almost come to a standstill in China as major businesses and investors remain spooked about the future impact of the novel respiratory virus (2019-nCOV or COVID-19) outbreak, which has already claimed over 1,300 lives and caused over 48,000 infections.
Disturbance caused by the flu-like virus has affected key sectors like global tourism, trade, manufacturing and export/import. But the biggest jolt has come from the shutdown of many businesses--from major retail chains to automobile and smartphone manufacturing firms--in mainland China.
As a result, countries that have a high dependency on China for goods--especially small components and parts--have suffered. Market experts fear that the world's over-reliance on China will continue to hurt global growth until the virus is contained.
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