Greece crisis: Adverse spill-over impact on India to be contained
Sai Nikesh | The Dollar Business A day after Greece’s voters rejected bailout proposals giving rise to likely possibility of ‘Grexit’ from Euro zone, the Government of India, on Monday, said it is closely monitoring the situation with a view that Grexit would have indirect impact on India. While Finance Secretary Rajiv Mehrishi felt that there could be some reaction on the Fed rate hike, the Chief Economic Advisor Subramanian said the country is relatively well insulated from the Greece situation, but, ‘rupee might get affected to some extent due to flight of foreign investment’. Speaking to The Dollar Business, Rana Kapoor, president, Associated Chamber of Commerce and Industry (ASSOCHAM), India, said, “A Grexit will potentially trigger a global risk-off scenario primarily via ...
