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The brief named %u2018The Economic Impact of the COVID-19 Outbreak on Developing Asia%u2019 also reported that transport services in the country will lose up to Rs 14.28 thousand crore in the same scenario.

India’s GDP may shrink by Rs 2 lakh crore in case of major coronavirus outbreak, says ADB

7 March 2020 6:40 AM GMT

March 7, 2020: In a brief on the impact of novel coronavirus on Asian economies released by Asian Development Bank (ADB) on Friday had estimated that...

There has been an increase in the number of participant cancellations over the past few days for reasons including company travel bans.

Coronavirus: IATA postpones world air cargo symposium to 2021

4 March 2020 6:56 AM GMT

March 4, 2020: International Air Transport Association (IATA) postponed the 14th World Air Cargo Symposium (WCS) scheduled to be held in Istanbul,...

The bulk of which would be borne by carriers registered in China, with $12.8 billion loss in the China domestic market alone.

Coronavirus: IATA predicts $27.8 billion revenue loss for Asia-Pacific airlines in 2020

22 Feb 2020 7:39 AM GMT

February 22, 2020: The International Air Transport Association (IATA) released its initial assessment of the impact of the Novel Coronavirus 2019...

China accounts for 27% of India%u2019s auto component imports valued at $ 4.8 billion.

Coronavirus: Read how much Indian automotive supply chain is exposed to China

21 Feb 2020 7:56 AM GMT

February 21, 2020: The outbreak of Novel Coronavirus (COVID -19 ) across China and South -East Asia, which has already killed 2200 people, has...

An Emirates SkyCargo Boeing 777 freighter. Commodities being currently transported on the freighter flights include perishable food items, pharma, medical supplies and other general cargo.

Amid coronavirus, Emirates SkyCargo reports strong demand from China

19 Feb 2020 7:32 AM GMT

February 19, 2020: Even as the Novel Coronavirus killed more than 2000 and infected close to 75,000 people in China, the cargo handle of the Dubai...

While the penetration of the virus into the sub-continent is less the impact of the outbreak on Indian industry, logistics and exports are inevitable.

Novel Coronavirus: Indian logistics caught at the centre of the outbreak

10 Feb 2020 7:41 AM GMT

February 10, 2020: Though with three cases reporting from Kerala, the penetration of Novel Coronavirus into the sub-continent is less when the death...