India is the sixth-largest producer of chemicals globally and third-largest producer in Asia in terms of output. However, Indian chemical industry operations are severely disrupted at present due to coronavirus (covid19) pandemic.
The Indian economy is disrupted due to spread of Covod19 and has to face many challenges in the coming year. However, there is a silver line that may help India to overcome the challenges.
Indian textile industry is going through lot of challenges such as scarcity of raw material, obsolete machinery, liquidity issues due to poor sales, strikes and tough competitive environment.
A continued tepid consumption environment for the large part of the quarter coupled with the lockdown implementation would impact FMCG performance in coming quarters.
The fourth quarter of FY20 did not augur well for Indian equity markets. The spread of Coronavirus (Covid 19) was the major reason for the fall in the market.
The Capital Goods sector is going through a prolonged phase of slowdown due to low capex spending, delay in execution process, stretched payments, high interest rates etc. The spread of Coronavirus (Covid19) is a major pain for the sector.