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13 Feb 2020

India’s Economic Adviser: Coronavirus outbreak in China opportunity for India to expand exports

On the negative impact of the China coronavirus on India, the country’s Chief Economic Advisor (CEA) Krishnamurthy Subramanian said that the coronavirus outbreak in China provides an opportunity for India to expand exports and follow an export-driven model.

Key Quotes:

“It is very hard to say how this will manifest in terms of India's trade relations with China. If we go by the experience of SARS (outbreak), India was not affected that much.

China imports a lot of components, parts, assembles and integrates and then exports them. India has been following the same pattern in terms of mobile manufacturing in the country. So, if one looks from this perspective, it provides a good opportunity for India.

The economic survey has projected it to be in the range of 6-6.5 per cent in the next fiscal. This has been done by collating many pieces of evidence using business cycles which prevailed in India.”

  • USD/INR Price Analysis: Close to five-month-old support trendline following weekly Doji
  • China’s NHC: Places in Hubei that have a coronavirus outbreak should immediately take the same measures as Wuhan
Feb 13, 2020

The Philippines: Recovery delayed, not denied - ANZ

Analysts at Australia and New Zealand Banking Group (ANZ) offer their key insights into the Philippines Q1 GDP growth outlook, in light of the China n
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Feb 13, 2020

GBP/USD keeps it below 1.3000 amid UK politics, Brexit and coronavirus

GBP/USD nears the intra-day low of 1.2948 while making rounds to 1.2951 during the pre-London open session on Thursday.
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