Vinod Nair about the fall of the global economy after Coronavirus
Vinod Nair : The worldwide market is confronting heat against coronavirus, as the quantity of cases expanding step by step. Though, the quantity of cases arrived at 1,00,000 across 80 nations including India. Be that as it may, residential and universal voyaging limitations likewise influence the stoppage of financial development. The present moment and bond costs are falling, in the US the 10-year bond costs are tumbling from 1.65% to practically 0.825% a month ago. While, India's development rate is likewise down because of the quantity of cases expanding in India. Thus, the securities exchange is exchanging bearishly in the last 9 meetings. He likewise said the Indian GDP growth rate declined to practically 4.7% in Q3 of the Financial Year 2020. While, in the past quarter the GDP development rate remains at 5.1%. We are expecting a recuperation in the worldwide economy in Q4 itself because of the RBI's and Govt strategies. Though, the Goods and Ser...