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16 Mar 2015
India better prepared than most emerging-markets for any external shocks - IMF's Lagarde
FXStreet (Mumbai) - India is now in a better position to deal with external financial shocks than other emerging market economies, IMF chief Christine Lagarde said today, before the crucial FOMC meeting.
Key Quotes:
"India has prepared better than most emerging-market economies for any such external shocks,"
"One cannot ignore the risks of volatility in capital flows that could emerge as the US normalizes its monetary policy stance as advanced countries ramp up quantitative easing,"
"As economic conditions improve in some advanced economies, some portfolio rebalancing out of emerging market economies can be expected, and it's likely that market volatility will pick up in these circumstances."
"India has prepared better than most emerging-market economies for any such external shocks, shrinking current account deficit and increasing stock of international reserves; the higher GDP growth expected now, should help."
Key Quotes:
"India has prepared better than most emerging-market economies for any such external shocks,"
"One cannot ignore the risks of volatility in capital flows that could emerge as the US normalizes its monetary policy stance as advanced countries ramp up quantitative easing,"
"As economic conditions improve in some advanced economies, some portfolio rebalancing out of emerging market economies can be expected, and it's likely that market volatility will pick up in these circumstances."
"India has prepared better than most emerging-market economies for any such external shocks, shrinking current account deficit and increasing stock of international reserves; the higher GDP growth expected now, should help."