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Trading news
12 Mar 2020
India’s Economic Adviser: Coronavirus outbreak will not have much impact on next fiscal's economic growth
Amid growing concerns over the global economic fallout from the coronavirus outbreak, India’s Chief Economic Advisor (CEA) Krishnamurthy Subramanian said on Thursday, the outbreak will not have much impact on the next fiscal's economic growth.
Key quotes:
India can achieve 6 per cent Gross Domestic Product (GDP) growth in FY21.
India may take some more time to reach 7% growth.
Sees an opportunity in expanding exports.
- USD/INR Price Analysis: 10-day SMA restricts immediate downside