While the world economy has taken some beating after the outbreak of coronavirus or COVID-19, Minister of State for Finance Anurag Singh Thakur on Tuesday pointed out that the latest data "do not suggest any adverse impact on the economy" after the outbreak of COVID-19.
"Additionally, a positive impact on India's economy may arise from decline in global oil prices triggered by the outbreak of COVID-19," Thakur said in reply to a query raised by Rajya Sabha member Vaiko.
The minister said that the outbreak of coronavirus has emerged as a key risk to human health as well as the global growth outlook through numerous channels like trade, production and supply chain disruptions; decline in demand; lower tourism and business travel; loss of investors' confidence; and productivity losses from the morbidity and mortality of the work force.
"The Ministry of Health and Family Welfare has been coordinating the efforts of the Central government in terms of preparedness, control and containment measures and has also been working with state governments in order to mitigate the impact of the virus outbreak in India," he said.
