India's exports to several countries increased in Corona crisis

Demand for Indian goods increased in China amid tension

AUG 22 (WTN) - As you are aware, the economy of many countries has been badly affected by the Coronavirus infection epidemic to have spread from Wuhan city of China. Here, the lockdown imposed to prevent the spread of Coronavirus infection has had such a huge side effect that the economic activity of many countries has not come back on track.

At the same time, now, since economic activities and offices were closed due to the lockdown, many people lost their jobs. Now, here, since many people have lost their jobs and many people get less payment, it reduces the purchasing power of the people. And because of this, there was less demand in business. At the same time, foreign trade has also suffered a major setback here due to the Corona crisis.

Well, as far as the Indian export is concerned, India's exports have been seen to fluctuate during the Corona crisis. At the same time, as far as China is concerned, you are aware that there is a campaign for the boycott of Chinese goods in India after the violent clash between the soldiers of China and India in the Galwan valley of the eastern Ladakh. However, you will be surprised to know that during this time, China has imported more Indian goods than before.

Yes, Indian goods exports to China have increased by about 78 percent in the month of June this year compared to the last year. However, it declined by 60.2 percent in the month of April. But, at the same time, exports from India to China increased by about 10 percent in July. Indeed, India's exports to the countries where the Coronavirus infection epidemic is under control have increased.

For your information, let's know that not only China but also other Asian countries have increased India's exports. Explain that India exports 16 percent of its total exports to Asian economies. Apart from China, India's exports to countries like Malaysia, Vietnam, and Singapore, which have controlled the Coronavirus epidemic, are comparatively large.

But, on the other hand, India's exports to Western economies have decreased. In fact, India's exports to the US, Brazil, the United Kingdom, and other Western countries, where the cases of Coronavirus infection are steadily increasing, have decreased. Anyway, India's exports will continue to fluctuate until the Coronavirus infection epidemic is fully contained. But, in those countries where Coronavirus infection has been overcome, there is the hope of increasing India's exports.