Signs of sluggishness in the country’s economy have started deepening. Businesses affected all the way by Corona’s impact. Airlines and railways have also been affected due to reduced movement. Companies have sent employees on leave for 1 to 2 months without pay or are cutting salary. The stock market has fallen by about 30 percent. International flights banned from coming to India for a week. The tourism industry is almost at a standstill.
There is a ban on running the government and private buses in Punjab. Investment banker Morgan Stanley estimates the global growth rate to be 0.9 percent in 2020. Goldman Sachs has predicted global growth of 1.25 percent, while rating agency Standard & Poor has predicted 1.5 percent. Can the impact of sluggishness seen in the whole world also affect India?
