Prime Minister Narendra Modi, here on Thursday, urged Indians not to panic, but remain vigilant to keep the coronavirus at bay. “Say No to Panic, Say Yes to Precautions,” the Prime Minister tweeted.
Stating that no Minister will travel abroad in the coming days because of the pandemic, the Prime Minister said, “I urge countrymen to also avoid non-essential travel. We can break the chain of spread and ensure safety of all by avoiding large gatherings.”
Earlier, Modi had requested against large-scale Holi congregation. He said the government was “fully vigilant” about the coronavirus situation. “Across Ministries & states, multiple steps have been taken to ensure safety of all. These steps are wide-ranging, from suspension of visas to augmenting healthcare capacities,” he said.
Earlier during the day, Cabinet Secretary Rajiv Gauba wrote to the Secretaries of all ministries on dealing with the situation.
According to the Health Ministry, the Prime Minister is reviewing the situation with the top officials since the first case was declared on December 31, 2019 in Wuhan of China. The Group of Ministers (GoM), set up to monitor the preparedness to fight coronavirus, had met 6 times, it said.
Of the 73 coronavirus cases in India, 17 are foreigners. (IANS)
More than the supply concerns, weakening demand due the uncertainties brought about by the novel coronavirus is set to impact the India smartphone market the most, according to a projection by market research firm techARC.
During the calendar year 2020, demand is likely to be low particularly during the April-August period. “There can be no qualitative deterministic measurement of the impact done in this situation. There are so many uncertainties around and the situation is impacting both the supply and the demand side of the market,” said Faisal Kawoosa, Founder and Chief Analyst, techARC.
“We expect supply chain to resume in June in India. Thus April and May will be the worst affected months in terms of shipments, be it out of China or in India,” Kawoosa added. What is more worrying is the weakening demand as consumers are now focusing on spending their money only on essentials like food and medicine.
“Only those requiring a smartphone in case of breakdown will be the primary buyers. The elective upgrades and replacements will be at minimal,” said Kawoosa. Supply, including the channels (offline as well as online) should be back to normal in September. This will be fundamentally triggered by ground-up to festive season.
But even during the October-December quarter, demand could be lukewarm due to the the macro-economic scenario by then as well as fear of the viral infection resurfacing towards the winter. “Only if, there would be a vaccination available by then at mass scale, the market could see revival, but not at the normal levels,” Kawoosa said, adding that the smartphone industry will have to look at other revenues, especially service-oriented offerings, to offset the gap which will arise due to low sales of smartphones in 2020.
Some brands like Apple, Samsung, Xiaomi, Realme, OPPO, Nokia HMD and Lava have already set up services on top of the active user base.