People around the world are suffering due to coronavirus, the Indian government is taking several steps to deal with corona. If we talk about the business world, it is not in good condition.
The Indian stock market is also not insulated from the impact of the corona. Foreign portfolio investors have made a net withdrawal of Rs 37,976 crore from the Indian capital market so far in March due to fears of a recession.
The hotel business has also decreased due to coronavirus. An estimated hotel turnover has reduced by 50% so far. The sector has lost Rs 27,300 crore so far.
According to a report by the Petroleum Planning and Analysis Cell, petrol demand grew by just 3.5 percent in January compared to the previous year, while diesel demand decreased by nearly 2 percent over January last year. The concern of petroleum companies has increased due to this.
The tourism sector has the highest impact of coronavirus in India. The same time is favorable for foreign tourists to visit India, but due to the cancellation of flights, people are not able to come to India due to the cancellation of bookings. According to a report, tickets worth Rs 15,000 crore have been canceled so far.
Consumer durables are also suffering. The sector's turnover has come down by 15 percent so far.
The textile industry has also been hit by the coronavirus. The turnover has declined by 35 percent. The textile industry is estimated to have lost nearly Rs 12,000 crore.
Cinema halls have been closed in several states to prevent coronavirus infection. The shooting has been stopped in order to avoid the virus. The cinema world has lost several hundred crore rupees so far.
The poultry industry has also suffered due to infection. Many cities do not have buyers of chicken. The sector has lost Rs 4,500 crore in a month.
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