 "coronavirus")
Coronavirus scare has acted as a catalyst for global equity meltdown and India is not an exception to this. It is difficult to call when the coronavirus scare will come under control. Our experience with earlier epidemics such as SARS, EBOLA and ZICA does suggest that medical science will find out a solution sooner than later.
India obviously has short-term pain to endure from global growth slowdown and equity meltdown.
However, there are few benefits from Coronavirus scare.
- Oil prices have crashed from $68 a barrel to $50 a barrel and are likely to remain subdued for some time.
