Coronavirus may make medicines, phones, and auto parts expensive
- Indian pharma
industryimports about ₹17,000 crore worth of active pharmaceutical ingredients from China.
- India imports mobile phone components worth ₹7,000-8,000 crore from China every month and the break might can impact the mobile prices
- At present India is the second-largest producer of steel with an annual output of over 106 million tonnes after China which accounts for 928 MT.
As China remains under the throes of Coronavirus, a long list of countries that import from it will face shortages. India is one of them. Finance Minister
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Pharmaceuticals, mobile phones, auto parts are the top industries that import raw materials from China.
Auto industry is sceptical of the effects
Airlifting raw material for pharma industry
Mobile industry braces for price hikes
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