The Impact of COVID-19 Pandemic on Investments in the Indian as well as Global Chemical Industry

“The COVID-19 pandemic – in terms of its geographical coverage, scale, and global response – is unprecedented in recent history. It confers to an external force that will have far reaching implications on societies in general and commerce in particular. While the current lockdown (or various versions of it across the globe) will significantly impact the economy and chemical industry, we foresee that Government & central banks will ensure a rapid recovery and impact on global GDP is transient in nature. Despite the affirmative actions, we believe that globally, this crisis will lead to a renewed aversion to debt along with postponing of capex and capacity additions in medium term”, says Ajay Garg, Founder of Equirus Capital Pvt Ltd