THE FUTURE OF GLOBAL RETAIL AND ITS IMPACT IN INDIA IN THE POST-COVID CRISIS AN ANALYSIS

Abstract

India is among the 15 most affected economies due to the COVID-19 epidemic and slowdown in production in China, with a trade impact of $348 million. The trade impact of the coronavirus epidemic for India is estimated to be about 348 million dollars and the country figures among the top 15 economies most affected as slowdown of manufacturing in China disrupts world trade, according to a UN report. Estimates published by United Nations Conference on Trade and Development (UNCTAD) Wednesday said that the slowdown of manufacturing in China due to the COVID-19 outbreak is disrupting world trade and could result in a $50 billion decrease in exports across global value chains.