The out-of-control COVID-19 epidemic in India has become the biggest hot spot over the weekend. According to the latest data released by the Indian Ministry of Health, as of 8:00 local time on April 25, in the past 24 hours, there have been more new cases of COVID-19 in India. There are nearly 350,000 confirmed cases of pneumonia, with a total of nearly 17 million confirmed cases, 2,767 new deaths, and nearly 2.68 million existing confirmed cases, a record high.
As the world’s second most populous country, India has absolute influence in many industrial fields.
1. Cotton
India is the world’s largest cotton producer, 2019 /20 annual output accounts for about 24% of the world. According to a counselor’s report released by the United States Department of Agriculture, India’s cotton planting area may decrease by 2% in 2021/22. Indian cotton is currently in the sowing season, and sowing has gradually begun in northern India. Under normal circumstances, full sowing will begin at the end of April.
However, it seems that the new crown epidemic in India has led to labor shortages and reduced cotton farmers’ willingness to plant, which may affect the cotton sowing process, leading to a further decline in cotton sown area.
2. Textile and clothing
India is the world’s largest cotton producer China is the world’s largest jute producer and the world’s second largest silk producer, accounting for 22% of the world’s yarn production capacity. The textile industry accounts for about 15% of India’s total export revenue.
Since the second half of last year, the COVID-19 epidemic in India has gradually intensified. Many large-scale export-oriented textile companies are unable to guarantee normal delivery due to the epidemic. In order to ensure supply, European and American retailers Without being affected, many orders originally produced in India were transferred to China for production.
For example, among the orders transferred from India to China, the orders for towels, bed sheets and other products were relatively large. At the end of last year, some manufacturers had already stated that they had received The number of transfer orders will be scheduled until the second quarter of 2021.
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