Nov 15, 2008
Global crisis to hit India economy more in ’09: WEF – Economy and Politics – livemint.com
“India’s dependence on capital flows to finance its current account deficit is a macroeconomic risk and the global crisis could generate a sharp increase in capital outflows and a reduction in the availability of finance,” it said.
“Clearly, the global economic picture will be harsher next year and there will be greater pressures on Indian economy.”
The global credit crisis has rattled Indian markets as foreign investors sold shares worth more than $12.5 billion so far this year while the rupee fell by more than 20%.
via Global crisis to hit India economy more in ’09: WEF – Economy and Politics – livemint.com
GD Star Rating
loading...
loading...
GD Star Rating
loading...
Sphere: Related Contentloading...
Related Posts frm Wordpress
Related Posts - Indian Market Tweets from Friday | zyaada
- NDTV Profit | India emerging as one of the strongest in the crisis
- KKR Hires Citi's Sanjay Nayar To Set Up India Shop | VCCircle
- India acts to avert liquidity crunch
- India's new boom - Infrastructure, Lifestyle and Entertainment
Related Websites 
[...] mikanui wrote an interesting post today onHere’s a quick excerpt “India’s dependence on capital flows to finance its current account deficit is a macroeconomic risk and the global crisis could generate a sharp increase in capital outflows and a reduction in the availability of finance,” it said. “Clearly, the global economic picture will be harsher next year and there will be greater pressures on Indian economy.” The global credit crisis has rattled Indian markets as foreign investors sold shares worth more than $12.5 billion so far this year while the rupee fell by more than 20%. via Global crisis to hit India economy more in ’09: WEF – Economy and Politics – livemint.com [...]