“THERE WILL BE DIVERSIFICATION OF SUPPLY CHAINS”

What is your assessment of the world economy at present?

We had a situation that existed before the coronavirus and the current situation where there is coronavirus. The world was expecting something like 3.5 per cent growth, a little slower than in past years. The economic cycle around the world was getting a little old, but there wasn’t much concern about a recession except for, maybe, in one or two regions, typically Europe. That has now changed, not particularly because of the virus itself and its medical consequences but because of people’s response to that. It’s not so much in India, as of today, but in China, where there’s been almost a complete mobilisation of society, probably after decades. The first quarter has gone down for China’s economy. It is the second-biggest economy in the world and a countries. If they