Only consumer goods may see green shoots amid coronavirus pandemic

The Covid-19 impact on various sectors of the Indian economy would depend on the longevity of the outbreak and the lockdown. Except for essentials in the consumer goods, most sectors would be impacted

Aviation: The ensuing cash flow disruption could possibly lead to breach of debt covenants if the outbreak escalates and results in a prolonged near-zero revenue situation

Shipping: Container terminals at the major ports in India have already reported a few blank sailings or cancellation of port calls. This could intensify in the coming weeks depending upon the level of outbreak in India’s major trading partner countries

Tourism: The travel bans in place translate to a foregone revenue of around US$ 5 bn for the industry from foreign tourists alone. The magnitude of the impact would be much larger when foregone revenue from