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Virus may hit 28% Indian imports

Virus may hit 28% Indian imports

Saturday, February 15, 2020, 6:40 PM

Among imports, organic chemicals is likely to be among the worst-affected commodities due to the crisis. India imports close to 40% of its organic-chemicals from China, while other sources US and Singapore, also depend on China to varying degrees, says a note from ICICI-Securities. India also imports 40% of its electrical machinery from mainland China, and with Hong-Kong, its share goes up to 57%.
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