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
- Tesla tells some laid-off employees their separation agreements are canceled and new ones are on the way
- Taylor Swift's 'The Tortured Poets Department' is the messiest, horniest, and funniest album she's ever made
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- 9 Foods that can help you add more protein to your diet
- The Future of Gaming Technology
- Stock markets stage strong rebound after 4 days of slump; Sensex rallies 599 pts
- Sustainable Transportation Alternatives
- 10 Foods you should avoid eating when in stress