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Showing posts from April 16, 2020

CORONA EFFECTS ON WORLD ECONOMY

There is a possibility of a slowdown in world business due to the arrival of many countries around the world from China. Because of Corona, two of the world's largest economies country, China and  US are expected to decline in business, which is going to affect the whole world. The Indian government is also worried of the impact of Corona on the economy. Finance Minister Nirmala Sitharaman says that options are being taken into at various levels in this matter. Secretaries of different ministries are constantly reviewing the impact of the corona and keeping a closer watch. Analysts say that India doing more than 150 billion dollars (about 10 lakh crore rupees) business with America and China will also not remain untouched by this. However, economists are denying any effect of Corona on the growth rate of the Indian economy. According to a report by research and rating agency Moody's Analytics, the growth rate of the world economy is expected to fall by 0.4 percent this yea