Coronavirus: Low-cost automobiles, garments, IT services likely post-COVID-19 crisis, says study

The rise in demand for agricultural products, low-cost automobiles, garments and consumer durables in other developing nations may expand export opportunities for India Inc. when the economy ravaged by the Covid-19 crisis will start getting back to the track, according to an assessment by the Ministry of External Affairs (MEA).

With the government focusing on bringing the economy back on track, the MEA got an assessment conducted on the impact of the Covid-19 crisis on the prospects of India Inc. abroad as well as the opportunities and the challenges emerging from it. The assessment was carried out on the basis of inputs received from India’s Embassies and the High Commissions in foreign capitals.