Global Recession

GLOBAL RECESSION

If America gets cold the whole world starts coughing now even China is having the same thing...

China has a huge size and also emerged as a major market, so potential in charge is affected by the global economic slowdown, travel & tourism sector has a bigger hit, even the students studying there are brought back by Air India.

Automobile & Electronic industries get affected.
Bangladesh depends on Chinese fabrics and the supply chain gets disturbed causing various impact.
Belt and Road initiative also depends on cement and transportation.
Even BRI will also get affected including 60 more countries.
Japan buy weapons and Tokyo Olympics which are to be conducted on 24^th July 2020, the sponsors and funding are on the stake because of restriction on travel.

And after SAARC the Chinese economy will boom again with higher speed, so truly India should think about how to get benefited, for the after the time period of Corona.

Indian authorities have responded very maturely and we should be prepared for such emergencies,
The make in India authority should ask is this an opportunity that India not only not an alternative but at least an option to be consider, and the change in global value for India can help to be better prepared to make a better decision.

Saudi Arabia led the organization of petrol where exporting countries OPEC and Russia broke down where Saudi Arabia started a price war with its oil-producing ally Russia.

In short Saudi Arabia the world's top oil exporter is trying to destroy the shale oil industry in the US, which isn’t viable at sub-50$ per barrel and create some trouble for the Russian oil industry as well.

India is words 3^rd largest crude consumer .

But the Dollar game is crude oil is Dollar$ is used in buying and selling crude oil internationally. When an Indian company imports oil they need to pay for it in dollars this pushes the demand for dollar vis-a-vis the rupee.

When oil price falling the dollar demand for oil imports is going to come down,
And this should act in India's favour at a time when there is tremendous downward pressure rupee.

If lower oil prices persist, the state government will end up inc. VAT or sales tax they charge on petrol and diesel in the months to come.

It’s the easiest way for them to increase their tax revenue..