Monday, November 30, 2009

No impact of Dubai World default on India: Anand Sharma

The risk of a multi-billion-dollar debt default by Dubai World, ranked among the largest state-run conglomerates in the region, will have little impact on the Indian economy, a senior Indian minister said on Friday.

"India is a very large economy. It's a resilient economy. I don't think some development in real estate in Dubai will have an impact on the Indian economy," Commerce Minister Anand Sharma said. view complete news..

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