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Planning To Expand

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  VOLVO INDIA IS GOING TO ASSEMBLE ITS MODEL The Indian unit of Swedish Carmaker Volvo is going to assemble all its vehicles in India from the next year. Sales in 2020 will be lower than 2019 but they are going to continue to gain market share. India is looking forward to expand its presence in the luxury car market. At present Volvo car India assembles 3 models that are SUVsXC60 AND XC90, and Sedan S90. The sales during Covid-19 the sales is dropped but they are expecting the sales to become normal during the festive season. Volvo Car India managing director Charles Frump said that the company is facing short term challenges due to Covid-19 but there is no change in long term strategy of the company to develop the market.
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Pandemic Impact On Economy

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  AS CORONAVIRUS SPREADS,ECONOMIC GROWTH TO DECLINE BY 16.5%, SBI REPORTS   Corporate earnings fall more than 25% in revenues and more than 55% in profits. India will see a contraction in its economic growth which will be nothing like in previous years. It will be the first of its kind in many years.” India's GDP is expected to contract by 16.5 per cent during the first quarter of current fiscal as the Covid-19 pandemic is spreading at a much faster rate after the opening up of the economy,"   Ecowrap, SBI’s research report said on Monday.   Soumya kanti   gosh, Group chief economic advisor said, "This indicates that rural recovery will not have much impact on GDP growth. Thus it is of utmost importance to unveil further steps to support growth." This indicates that the rural sector will be unable to recover from that. The bottom line is, that we will have to face an economic recession in the mid of this pandemic or after this pandemic is over. The urban
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