Question

what is the effect of medical supply and service sector in corona virus

Answer 1

During coronavirus pandemic drug exporters countries domestic Pharma industry relies heavily on imports of bulk drugs. Country like India imported around rupees 24900 crore worth of bulk drugs in financial year 2019. Accounting for approximately 40% of the overall domestic consumption. With India's API imports from China averaging almost 70% of its consumption by value. Importers are at the risk of supply disruptions and unexpected prize moments. For many critical antibiotics and antipyretics dependency on imports from China is close to 100%. This API is required large capacities of fermentation boilers. A USB of Chinese manufacturer give an upper hand to Chinese manufacturers. Delivery and tracking of consignment are Steel uncertain within China weather in word or out word.

During the corona virus pandemic service sector also hampered. The aviation sector has impacted by speed of coronavirus. The outbreak has force domestic carriers to cancel and temporarily suspend flights operating from USA to China USA to India USA to hongkong and USA to other various countries. Careers have halted operations to China and various countries.the temporary suspension of flights to China and Hong Kong would lead to domestic carriers missing out on gross revenue targets. Activity in service sector in March due to fall in export demand globally and also because of lock down in various countries. Manufacturing survey should a cooling ingrowth which combined with a a contracting service sector dragged the composite.on the price front growth in both input cost and prise charged weekend in in March and April suggesting retail inflation could slow father and give the the fed reserve more scope to cut interest rate further.