Indian economy Benefit from Coronavirus

World is suffering from coronavirus decease and whole word is under lockdown and world economy is disaster but there will be some benefits of coronavirus on Indian economy over the period of time, below are few things which help India over the period of time:-

1.       Lower oil  import bill and lower imports:-

Crude has fell down from $70 barrel to $25-30 which will lower the Indian Import bill which leads to reduce fiscal deficit and will help Indian economy. Further India is creating infrastructure for making the benefit from this crude fall by storing the crude as much as possible.

Further isn’t larger exporter of goods but India was importing more from other countries so Indian Import export gap will get reduced i.e. Trade deficit will get reduced.

2.       Lower Pollution:-

As factories has been shut-down and vehicles are not running which ultimately clears air and respiratory related deceases will reduce and people will live more healthy life. Indian spends on controlling the pollution will reduce and soon all rivers will restore their healthy water flow levels. Lower tree cutting will increase the water level and ultimately people will get healthier water to drink.

3.       Make in India:-

Due to coronavirus India isn’t importing anything from China and from any country and India will push make in India and more foreign companies will invest and setup new factories in India. India is providing more incentives to Indian companies for make in India such as providing incentives to Mobile manufacturing companies in India.

4.       Invention of new Technologies in India and Improving Health Infrastructure:-

India is pushing for invention in medical field so that India will be self-sustained. Indian ranking in Health sector was about 112 in world ranking. With more and more spends in Health sector will pushup Indian Market and people in India will get much awaited medical facilities in India Itself. This will create a market for foreign players to invest in India.

5.       Increased Habit of Sanitization:-

With coronavirus people are now more focused towards sanitization which earlier people are least bothered. Earlier people don’t wash their hands properly even after peeing and eating food, now due to coronavirus sanitization has become their part of daily routine. Which ultimately will reduce number of problems arising due to sanitization, which will reduce government spends on health sector and loss of life due to unhygienic conditions will reduce.

6.       Healthy diet :-

People start eating healthy diet as restaurant providing junk food are under shutdown. Since coronavirus has less impact on people who have high level of immunity so people are eating immunity booster diet only which will make the people healthier and people medical bill get reduced. Further people start using the vegetables and fruits after appropriate cleaning which will reduce the effect of insecticides on human.