You are here: Home » Economy & Policy ยป News
India to see stronger growth on structural reforms, govt capex push: CEA
icon-arrow-left
Low base drives up India's GDP growth to record 20.1% in Q1FY22
Business Standard

India not to be impacted by US Fed's likely liquidity taper: Govt official

India will not be impacted by the US Federal Reserve's move to tighten liquidity expected later this year, as India's macro-economic fundamentals are strong, CEA K V Subramanian said

Topics
CEA Krishnamurthy Subramanian | US Federal Reserve | Liquidity

Reuters  |  NEW DELHI 



Chief Economic Advisor  K V Subramanian
Chief Economic Advisor K V Subramanian

NEW DELHI (Reuters) - India will not be impacted by the U.S. Federal Reserve's move to tighten expected later this year, as India's macro-economic fundamentals are strong, Chief Economic Adviser K V Subramanian said on Tuesday.

Asia's third-largest economy has bad memories of past attempts by the Federal Reserve to get away from crisis-mode policies, particularly in 2013 when mere talk of "tapering" stimulus prompted the rupee to sink to record lows.

"Our macroeconomic fundamentals, whether it's inflation, whether it's a current account deficit, whether it's our forex reserves, and all the others metrics clearly indicate that our macroeconomic fundamentals are very very strong," Subramanian said.

 

(Reporting by Aftab Ahmed; Editing by Peter Graff)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Tue, August 31 2021. 20:04 IST

RECOMMENDED FOR YOU

.