The coronavirus outbreak will have a limited impact on India but the global GDP and trade will definitely get affected due to the large size of the Chinese economy, RBI Governor Shaktikanta Das has said.
Only a couple of sectors in India are likely to see some disruptions but alternatives are being explored to overcome those issues, he said.
The deadly virus has brought a large part of the world’s second-largest economy China to a standstill and its impact has been felt across industries. India’s pharmaceutical and electronic manufacturing sectors are dependent on China for inputs and they may be impacted, Das told PTI in an interview here.
“It is definitely an issue which needs to be closely monitored by every policymaker whether in India or any other country. Every policymaker, every monetary authority needs to keep a very close watch. So coronavirus issue needs to be closely watched,” he said.