Re: PPT on SEBI -
June 30th, 2015
Greek crises can result into world economy crises: RBI, SEBI keep watching.
"Greece crisis does not have any effect directly on India. (But) interest rate may firm up in Europe. In case of firming up of interest rate in Europe, there can be outflow of capital from India," Finance Secretary Rajiv Mehrishi told reporters.
"Globally, it is a big event risk. It will likely have an impact on almost all countries, including emerging market countries. It will also impact India; but, on a relative scale, India is currently on a much stronger platform. On almost every single economic parameter, including inflation management, growth prospects, foreign exchange reserves, balance of payments, fiscal situation, India is on a strong footing. The overall impact of the Greece crisis on India, thus, should be relatively less," said Siddhartha Sanyal, chief economist at Barclays Capital.