India is facing the Coronavirus with full force. The age of our population is low, due to which corona infection and its death rate is less in our country. Secondly, the average temperature of our country is high due to which the spread of corona is less. Third, India specializes in the service sector. Exports of services provided in the service sector, especially through the Internet, may increase. Our education system is focused on government jobs. Youth are not able to provide service. Another area of services in India is tourism etc. where there is a crisis. In a recently published survey, American companies have said to reduce expenditure on information technology. Therefore, there will be a challenge in service also.
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There is a concern in the whole world about the role of China in the Corona crisis, therefore there will be a crisis in China's manufacturing, but China has restarted its factories soon. Due to administrative efficiency, they have been able to commission it despite the Corona crisis, while India is still in lockdown despite low age and hot climate. Our exports are stumbling. China can occupy our market. If the lockdown does not end in the countries like America, then they will have to buy goods from China. At present, the subject is less of production cost, more of administrative efficiency in management of Corona.
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All the countries will be alienated from China in the coming time, this is also not necessary. After the crisis ends, big entrepreneurs will again say that this was an untimely natural phenomenon. Just as the Kedarnath crisis has been denied in 2013, so will Corona. Big entrepreneurs will try to maintain the original global order. Since this is the cream for it. The problem is also that at this time China is the only country which has financial surplus. Today, America is increasing spending by taking loans from the world market, a part of it is being made available only by China. China accounts for 15% of the debt taken by the US government. China is also buying shares of American companies and American property. China has invested $ 53 billion in American property in 2019. At present, China is the banker of the world.
