Coronavirus crisis to destroy the economy of many countries of the world except India and China!
A United Nations report claims; India and China economy able to deal with corona crisis
MARCH 31 (WTN) - As you know more than 200 countries are currently facing the Coronavirus infection epidemic. Coronavirus infection, spread from Wuhan city of China, has become the biggest challenge for human civilization today. At the time of writing this article, 38,721 people have died due to Coronavirus infection. Italy, the developed country of Europe, has recorded the highest number of deaths of 11,591 people due to Coronavirus. At the same time, America, the world's largest economic powerhouse, has the highest number of 1,64,359 patients infected with Coronavirus infection.
As far as India is concerned, for your information, let us know that the effect of Coronavirus infection is increasing in India too. So far 32 people have died due to Coronavirus in India, and more than 1,250 people are said to be infected with Coronavirus. The Modi government of India has already announced a 21-day lockdown in the country with a foresighted decision. But naturally, the 21-day lockdown has stopped economic activity. According to a report, the Government of India is expected to suffer a loss of Rs 9 lakh crore due to the 21-day lockdown.
Not only India, but in many countries of the world, economic activity has been braced due to the lockdown. For this reason, the whole world has once again come to the verge of economic recession. If the economic downturn comes again, it is expected to cause a loss of several trillion dollars to the world economy. Actually, this has been said in the latest trade report of the United Nations. According to the report, developing countries may face a major problem due to the Coronavirus infection crisis. But there is a comforting news in this report that in this time of crisis, countries like India and China will be able to protect themselves from the economic downturn.
According to the Secretary General of the UNCTAD (United Nations Conference on Trade and Development), the period of economic decline caused by the Coronavirus crisis is continuing all over the world. It is feared that the period of economic decline will increase rapidly in the coming days. According to experts, given the current situation, it is estimated that the world's poor and developing countries will need about 2 to 3 trillion dollars to overcome the economic recession. But economies like India and China are able to protect themselves from this crisis because the roots of the economy of these countries are very strong.
Developing countries may take at least 2 years to recover from the economic crisis that has arisen due to the Coronavirus. For your information, let us tell you that G20 countries have announced a relief package of about Rs 375 lakh crore for their economies. Now, it has to be seen how countries like India and China can take forward by saving their respective economies from the Coronavirus crisis?