How has the European debt crisis impacted the Indian Economy?
Nitin Jain, Long Only Equities Asset Management, Kotak Mahindra UK
Of all the BRIC economies India is best placed to capitalize on the situation because, relative to Brazil, Russia and China, India is a big commodities importer. Global market concerns about Europe mean that commodity prices, in for particular oil and gas, have fallen significantly recently. The result is likely to be a multi-billion dollar saving for the Indian economy.
Of all the BRIC economies India is best placed to capitalize on the situation because, relative to Brazil, Russia and China, India is a big commodities importer. Global market concerns about Europe mean that commodity prices, in for particular oil and gas, have fallen significantly recently. The result is likely to be a multi-billion dollar saving for the Indian economy.
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