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28.04 - 19:49
Pharma could be a balm for India’s bruised exports
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Indian exporters find themselves in a state of turmoil because of the covid-19 pandemic. Cancellations or requests for withholding stocks have started to become the norm.
Most manufacturing activity has also come to a halt. Mint takes a look at the situation. What hardships are exporters facing? The export industry has had an increasing number of requests from buyers to hold back shipments or cancel them.
Factories function on a fixed cost basis and at the moment they are left with labourers, who have no work. Delays in clearances of import containers have resulted in more expenses for exporters.
Shipping lines experienced a hit because of the pandemic, while the grounding of airlines has halted the transfer of even urgent and less bulky
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COVID-19
United States
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Cases: 46 252 513
Deaths: 750 423
Recovered: 0
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India
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Cases: 34 321 025
Deaths: 459 652
Recovered: 0
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Brazil
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Cases: 21 835 785
Deaths: 608 235
Recovered: 0
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United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
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Russia
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Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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