Mumbai, Mar 15 (ANI): The Chairman of the Prime Minister's Economic Advisory Council, C Rangarajan, on Tuesday said the ongoing crisis in Japan would have an impact on investment route and trade.
"The impact will be somewhat indirect. To some extent, Japanese investment in India will be affected because there will be so much of demand for investment within the country and there will be very little available to invest outside," said Rangarajan.
"So that would be warning fact. And the other is impact on trade, which may perhaps weaken our exports to Japan, but the impact that I see, it is only to the investment route," he added.
Market analysts said the investors are unsure about the outcome of the Japan crisis, and found it difficult to ascertain the negative impact on Indian markets.
"Unfortunately, this earthquake in Japan has again sent the market where investors are not sure about the outcome of this earthquake, meaning how much the economy, the global economy will have impact of this earthquake in Japan," said Sunil Shah, an analyst.
"Japan is the third largest economy and if things come to a grinding halt, then what would be the overall impacts; so it's very difficult to ascertain or assess how much negative impact this earthquake can have," he added.
The Bombay Stock Exchange (BSE) benchmark Sensex recovers over 300 points in afternoon trade today after loosing over 486 points in opening trade. The Sensex was trading 18,261, down by over 177 points a short while ago.
The markets across Asia have also declined. The Hang Seng has fallen 3.83 per cent, the South Korean Kospi declined 3.43 per cent and the Chinese markets have fallen 2-3 per cent. (ANI)
null
|
|
Read More: South Goa
Comments:
