nikhil, what's the background to this?ve you a background, india depends on china for about 80% of its api needs, these are essential, raw materials that go into manufacturing essential drugs such as antibiotics and painkillers. india is also a huge import exporter of generic drugs to markets like the us and to europe, so when the supply change dominic chain disruptions happened over the past few months, there was a global scare about a potential shortage of medicine in world markets, however drug manufacturers that they have been speaking to the past few days seem to suggest that china is resuming some of the exports of those apis to india, they are reaching andy ensures whether they are being negated and thoroughly inspected before they are sent out as dispatchers to drug manufacturers, though certainly china as some sensors getting back to normalcy and factories resume work, this is good news coming in, possibly concerns on shortages could now be set aside although this is a dynamic situation and we can never be sure th

china and the specter of inflation worldwide we are back with nikhil.f you look at the figures, they are much better. can the rest of the world use china as a template. how to deal with coronavirus, and if so with the damage to the world economy being much more limited than we are thinking. ishil: i think china particular to that. they have committed huge amounts of fiscal spending. pretty efficient at getting it there into the right places. i think we will see let's wait and see. i don't think the chinese recovery is going to be a v-shaped rate we are going to take two or three more before they get to a stable place. i think it's going to be the same everywhere else because fiscal policy and monetary policy are very different in china as opposed to europe or the u.s.. look at theen you supply chains across the world, have they changed and will they change even more. i think they will but that is more of a conversation for a medium-term point of view. becausei changed simply in part unavailable. whether it's fears are still pretty prevalent, you see you

as the bbc‘s nikhil inamdar reports now from delhi, tens of thousands of migrant labourers have beeno their home villages. it has been a fairly chaotic 72 hours here in india because even as most of the country is in the grip of an unprecedented 21—day lockdown, literally hundreds of thousands of migrant workers across the country have begun journeys on foot to reach their villages as the economic cost of this curfew begins to take its toll, particularly on contract workers and on daily waged labourers. we have seen dramatic pictures of men, women, children, old, young, literally walking 400, 500, 600 kilometres to reach their villages. india has about 100 million internal migrants and quite contrary to the intentions of this 21—day lockdown, several federal governments have now had to actually make arrangements to ferry them from one place to another. evidently, the gravity of this crisis has now become apparent to the government as well because the prime minister, in an address to the country, actually apologised to the poor, but said he didn't have much of a choice. while the gove

have only intensified — as the country observes a 21 day lockdown. 0ur india business correspondent nikhil were directed at the poor. the plan included direct cash transfers and expanded security measures, as well as medical insurance cover for frontline staff dealing with the coronavirus pandemic. but, at want % of gdp, the packages far smaller than those announced by countries like the us, canada and singapore, which are spending between five to 10% of gdp to tide them over during the crisis. most economists said that they expect more to come. we can only hope that today's announcement is the first in a series of stagette announcements, very series of stagette announcements, very modest by any standard and by itself surely will not be enough. meanwhile, is a 20 window lockdown continues here in india the anxieties of the low growing stopping millions of truck drivers for instance are stranded across various highways and towns in india unable to get home and several migrant workers are also flocking shelters as well as pavements. i want to go home, but eight and stuck here because of the

here's nikhil inamdar.gredients to markets such as india, these are absolutely crucial that go in manufacturing essentials through antibiotics and pain killers, india depends on china for 80% of its needs for these and then uses them to manufacture generics, which it exports to global markets such as the us and europe and there is that supply chain those disrupted for a few months, those global scare him of this would mean for worldwide drug shortages but now now sources are telling me that there has been a resumption of some activity in these drugs are coming out in the insurance or they're drugs are coming out in the insurance or they‘ re being drugs are coming out in the insurance or they're being fumigated and checked before being sent to drug factories. as china limbs back to normal, this is really good news in terms of that scale that we had on global shortages, but it is a dynamic removing situation so we cannot yet fully see the things that absolutely are limping back to normal. the virus has now hi

as our india business correspondent nikhil inamdar reports.cision and ballpark estimate seem to suggest india could lose as much as 100 two 120 million dollars is 80% of its economy grinds to a halt. the continuation of essential services would mean that about 20% of india's economy would function but even here, there has been chaos due to a lack of co—ordination between central and local authorities, leading to heavy disruptions in the suppliers of drugs, essential commodities and vegetables. several reports of police using a heavy hand, trains and trucks not being allowed to pass and harassment of those delivering essential supplies are now coming to the fore. in fact, even some companies have complained about their ability to deliver being triggered by local authorities despite guidelines being released after the prime is the's speech explicitly allowing deliveries. what we've heard from the pm and various local government safe is not related to the ground level. we have seen that a numberof ground level. we have seen that a number of distr