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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

One comment on “Global crisis to hit India economy more in ’09: WEF – Economy and Politics – livemint.com

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This entry was posted on November 15, 2008 by in Financial Markets, Global, India, Investments, Uncategorized and tagged , .

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