25.2.17

India in fairly good shape: IMF

India's economy is in a “fairly good shape“ and it is likely to be less affected than other emerging economies if there is a further shock to the global economy. “We've seen pretty tepid global growth rates in the recent past. If there's any adverse shock to the global growth and thereby global demand, we think India will not be unaffected but will be less affected than other countries which rely on exports and trade far more than India does,“ Paul A Cashin, assistant director in IMF's Asia & Pacific department, and mission chief of India, said.

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