Covid-19 has spooked one and all, from businesses and policymakers to economists and central bankers, and led to a disruption of global value chains.
Mint explains the economic implications of the pandemic and how it can result in a manufacturing boost for India. How have businesses be impacted by covid? The pandemic has caused significant disruption to economic activity across the world as nations enforce lockdowns.
China has been the biggest exporter of steel, chemicals, toys, rare earths, mobiles, electronics, garments, bulk drugs and many other items.
Shutdown of manufacturing, transportation and shipping in various countries has disrupted supply chains of raw materials and end-use products.