India insulated from economic fallout, Arun Jaitley says
Union finance minister Arun Jaitley said despite a global slowdown and its impact on countries, India remains insulated from the economic fallout and stands out as a "brighter spot".
"India is not a part of the Chinese production chain, significantly. In fact, the two segments - commodities and oil - that been adversely affected certainly don't adversely impact India (which is) a net importer," Jaitley said last night at The Singapore Summit 2015 here.
"Therefore, the more we see a low price regime, the more India continues to benefit. Not withstanding the slowdown globally, we do stand out as one of the brighter spots," he was quoted as saying by The Straits Times.
Union finance minister Arun Jaitley said despite a global slowdown and its impact on countries, India remains insulated from the economic fallout and stands out as a "brighter spot".
"India is not a part of the Chinese production chain, significantly. In fact, the two segments - commodities and oil - that been adversely affected certainly don't adversely impact India (which is) a net importer," Jaitley said last night at The Singapore Summit 2015 here.
"Therefore, the more we see a low price regime, the more India continues to benefit. Not withstanding the slowdown globally, we do stand out as one of the brighter spots," he was quoted as saying by The Straits Times.
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