{"id":303,"date":"2020-05-31T22:13:35","date_gmt":"2020-05-31T22:13:35","guid":{"rendered":"https:\/\/devinsighthub.wpengine.com\/business\/au\/?post_type=insight_resource&#038;p=303"},"modified":"2020-06-08T07:31:47","modified_gmt":"2020-06-08T07:31:47","slug":"how-covid-19-is-impacting-trade-and-supply-chains-in-india","status":"publish","type":"insight_resource","link":"https:\/\/insight.thomsonreuters.in\/business\/resources\/resource\/how-covid-19-is-impacting-trade-and-supply-chains-in-india","title":{"rendered":"How COVID-19 is impacting Trade and Supply Chains in India"},"content":{"rendered":"\n<p><strong>The coronavirus pandemic is an unprecedented challenge on a global scale. In just a few short months, the COVID-19 outbreak has disrupted trade, brought the travel industry to its knees and wiped trillions of dollars from stock markets worldwide.&nbsp;<\/strong><\/p>\n\n\n\n<p>All over the world, containment measures are crippling production and spending, with a momentous economic impact. According to the United Nations\u2019 trade and development agency, the novel coronavirus could cost the world economy at least $1 trillion.<sup>[1]<\/sup><br><\/p>\n\n\n\n<p>In India, as in many emerging markets, the economic fallout could outlast the health crisis itself. Barclays predicts that India\u2019s 21-day lockdown alone could reduce GDP growth to 2.5 percent \u2013 down from its earlier estimate of 4.5 percent.<sup>[2]<\/sup><\/p>\n\n\n\n<p><br>India\u2019s corporate community will need to put sound business continuity plans in place to endure a pandemic of this scale, especially when so many organizations are having to suspend or limit operations during the lockdown period while still paying wages, taxes, electricity and other expenses.<\/p>\n\n\n<p><a href=\"https:\/\/connect.aem.thomsonreuters.com\/covid19-article-impact-on-trade?utm_source=insights\" class=\"btn btn-lg btn-primary\">Download Your Copy<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The coronavirus pandemic is an unprecedented challenge on a global scale. In just a few short months, the COVID-19 outbreak has disrupted trade, brought the travel industry to its knees&hellip;<\/p>\n","protected":false},"author":135,"featured_media":432,"template":"","categories":[681],"tags":[],"resource_type":[594],"insight_job_role":[],"insight_practice_area":[],"class_list":["entry","author-admincaceres","post-303","insight_resource","type-insight_resource","status-publish","has-post-thumbnail","category-global-trade-supply-chains","resource_type-full-report","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How COVID-19 is impacting Trade and Supply Chains in India - TR - Business Insight India<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insight.thomsonreuters.in\/business\/resources\/resource\/how-covid-19-is-impacting-trade-and-supply-chains-in-india\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How COVID-19 is impacting Trade and Supply Chains in India - TR - Business Insight India\" \/>\n<meta property=\"og:description\" content=\"The coronavirus pandemic is an unprecedented challenge on a global scale. 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