Finance Ministry plans to assess impact of COVID-19 on trade

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The Finance Ministry will hold a meeting on Tuesday to analyse the impact of novel coronavirus and any disturbances caused to the trade or Make in India initiative.

“On the impact of #CoronavirusOutbreak and any disruptions to #MakeinIndia or to Indian export/import @FinMinIndia is scheduled to hold a meeting on Tuesday 18 Feb. Stakeholders welcome. If unable to attend please email your inputs at [email protected],” Union Finance Minister Nirmala Sitharaman tweeted on Sunday.

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China is India’s leading trade partner and also has a huge trade deficit with that country.

The death toll from the Novel Coronavirus disease (COVID-19) has gone up to 1,770 in China, up by 105 from the previous day, with the total number of registered cases now standing at 70,548 according to the country’s National Health Commission.

Chief Economic Advisor Krishnamurthy Subramanian had earlier said that Coronavirus outbreak in China provides an opportunity for India to expand exports.

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