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Indian Economy Does not Depend on External Volatility

Finance Minister of India Arun Jaitley said in his report directed to international negative impact on the country’s economy, that international factors obviously have an impact, but considering the vast depth and size of the Indian market, the ability to absorb those shocks is far strong, Businesstoday reports.

The dependence on their own domestic markets has made India relatively more stable to volatility abroad. Also the local currency rupee is much more stable against dollar in comparison with many other world’s strong currencies. This fact also proves the power of Indian economy.

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