Post-Covid Economic Growth Will Come Through India’s Ports
While Covid-19 has put the world in a major humanitarian crisis, it also has ravaged the foundations of our globalised economy. Possibly every country, big or small, has been impacted by this virus. This pandemic has led to deep supply and demand shocks, thereby disrupting international trade, and imposing severe economic pain. Economists at World Trade Organization project world merchandise trade volumes to fall by 13% to 32% (the fall was 12% at the peak of 2008 crisis) depending on how the crisis evolves.