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Will a subprime crisis sink India's economy?

Created by : Suhas Deshmukh, Client Servicing/Key Account Manager, ICICI Bank  | 08 07 2008 01:03:31 +0000
Industry : BankingFunctional Area : India(Markets)
Keywords : Economy Crisis INDIA'S SUBPRIME Sink
Activity:  986 views;  last activity : 07 06 2010 20:18:09 +0000

Many experts think this is not the end of subprime crisis and they are not sure of its impact on the Indian economy. All they say is ‘wait and watch’.

What do you think ?

  
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YES! With Lehman brother filing for bankruptcy, the biggest investor in India is gone... FII's are wary of this once golden, now uncertain economy. what will help India's economy grow. NOTHING but a miracle.
By Souvik Das, Business Analyst, American Express (India) Pvt Ltd  09 15 2008 14:02:56 +0000
 
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In India, sub prime loans are small ticket personal loans and credit card dues which are given by the more aggressive private banks. The amount involved is very low
By hemchand jaichandran, Consultant in Finance  08 15 2008 07:25:30 +0000
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As everyone knows that the subprime crisis has already hit the Indian shores. ICICI has already been affected by it. Many other banks are also likely to be hit. Wise thing to do is to sell shares and recover money as other business sectors in India would also be affected or any other idea please share...
By Ganesan S, Client Servicing/Key Account Manager, Citibank  | 08 07 2008 01:12:24 +0000
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Obviously yes, the US has been a major investor in Indian markets. The slowdown could mean decreased inflow of foreign funds in India, which will reflect in stock market and this could lead to a sharp correction in the market.
By Suhas Deshmukh, Client Servicing/Key Account Manager, ICICI Bank  | 08 07 2008 01:03:31 +0000
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At a macro economic level, India's economy is not too dependant on U.S. There will be an impact with US funds reducing and US companies spending less. However , I feel India's manufacturing and services sector is quite resilient. What we are seeing is the snowball effect !!!
By Sanjay , Cards Operations Manager NBK  | 08 09 2008 22:04:24 +0000
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