New Delhi: At a time when the deadly coronavirus has claimed 1,868 lives in China and has affected over 6 Indian nationals in Japan, Union Finance Minister Nirmala Sitharaman on Tuesday said that the deadly disease will not have any impact on the economy of India and there is no concern about price rise in the wake of the deadly virus. Also Read - Chinese Envoy Sun Weidong Thanks India For Help, Says ‘Coronavirus Now Under Control’
While addressing a press conference soon after speaking to Industry bodies on contextual challenges and opportunities in the supply chain of export and imports, Sitharaman stated that the Central government is reviewing the impact of the coronavirus on the industry. Also Read - Apple Says Coronavirus Outbreak Will Affect Their Revenues Worldwide
She also said that based on comprehensive consultation, some measures will be announced shortly. However, she expressed concern as pharma, chemical and solar equipment makers have been vocal about some disruption due to coronavirus outbreak.
Earlier in the day, addressing a press conference, China’s envoy to India Sun Weidong the epidemic is generally now under control. He also said that the number of confirmed cases outside Hubei province is steadily coming down.
Finance Minister Nirmala Sitharaman earlier in the day met industry and trade associations in the national capital to assess the impact of coronavirus disease 19 (COVID-19) on Indian trade and industry.
The outbreak of coronavirus comes at a time when the Indian economy is going through a difficult phase. Industry associations express concern as India is dependent on China for a whole lot of sectors such as smartphone, solar cells and modules, TVs and electronics, toys, furniture, computers and cars.