June 9, 2010 9:43 AM

printer

FM cautions on Eurozone crisis could impact capital flows

The Finance Minister, Mr. Pranab Mukherjee said that if the Eurozone crisis stretches on, it could have an adverse impact on capital flows and pose a major concern for the country in the medium-term. <br/><br/>Speaking at the annual general meeting of the Indian Banks Association in Mumbai he said if the crisis in Greece turns into a larger European sovereign debt crisis and possible fragmentation of the European region, there are chances of adverse capital flows. <br/> <br/>He said that such a scenario would be a major concern for India in the medium-term. <br/><br/>Earlier, the Finance Minister said India has taken several steps to restrict the adverse impact on markets arising out of volatility caused by the European debt crisis. <br/><br/>

Most Read
View All arrow-right

No posts found.