India would be putting severe restrictions on in-bound travel and outbound travel from 13 March midnight. The one month visa suspension by the government of India to deal with the Coronavirus syndrome is likely to impact the travel, tourism and aviation sector with losses to the extent of Rs.8500 crore. These are preliminary estimates and the actual losses (if you add up the concomitant losses to the economy) could be a multiple of that. Most of the industry bodies see huge job losses as a result. The virus scare has led to companies cancelling seminars, conferences and trade shows to avoid any health risk. Tourists have cancelled foreign tours by the dozen causing huge losses to the tourism and the aviation sectors. Globally, the impact is expected to touch $60 billion.