Johnson further explained India has relatively less trade exposure than some other countries that will limit the effects. India also appears not to have been drawn in through the financial mechanism. Hence they do not think there is substantial exposure there.
Thursday, January 31, 2008
Too early to estimate impact of global eco slowdown on India:IMF
On 29 January 2008, the Economic Counsellor and Head of the Research Department of the International Monetary Fund (IMF) Simon Johnson informed that it is still too early to say what impact the recent financial market turmoil will have on India. He added no country was going to be exempt from the global slowdown.
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