India is now in a better position to withstand a Fed rate hike: Chief Economic Advisor
Advertisement
Advertisement
Markets have been in a state of fear on account of speculations that the But this time situation is no more the same.
He said, "I think we are in a much better position to handle this (tapering) because our macroeconomic situation is very different and also because I think it is not going to be a shock like it was earlier...As long as India's growth continues, we are still a good attractive place to invest in."
The 56-year-old said he does not see oil prices going beyond $80 to $85, and this will help India manage its macro
At an interaction conducted by Bangalore International Centre and Indian Institute for Human Settlements, Subramanian said, "Oil prices could go up, but given the fundamental changes (in the market), the likelihood of it (oil price) going up to anywhere beyond 80 or 85 dollars, I (think) relatively (should be) ignored, and as long as oil prices stay, don't go beyond that, I think we can manage our macro economy reasonably."
Advertisement
According to an Economic Times report, Subramanian said there have been fundamental shifts in the market, and he believes this is why demand has come down.
(Image: The Economic Times)
Advertisement
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas