NEW DELHI: A small reliance on exports means India's economy is shielded from a potential US downturn, but growth could be stunted if current market turbulence is the start of a longer-term reversal in global risk appetite. Other Asian economies, such as South Korea and Malaysia, are more reliant on exports, leaving them vulnerable if the US crisis sparked by rising defaults in subprime mortgages prompts a major slowdown in the world's biggest economy.
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Friday, September 7, 2007
India less vulnerable to US subprime crisis
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