Coronavirus outbreak in China an opportunity for Indian exporters

In course of the outbreak, several manufacturers have been holding back on their orders of raw materials from China

While there are concerns of a slump in the supply of raw materials and goods from China owing to the coronavirus outbreak there, the situation, in fact, presents an opportunity for India to boost its exports and emerge as a hub for assembling, chief economic advisor to the Centre, Krishnamurthy V Subramanian said. 

On the sidelines of an event organised by Indian Institute of Management-Calcutta, Subramanian said, “ India can follow an export-driven model, especially integrating the assembly in india. In this context it's a good opportunity. Because of the uncertainties being faced by China, it is a good opportunity