The Indian economy is "well prepared" to handle any capital outflows caused by external shocks, the Ministry of Finance has said.
In its Monthly Economic Review report released on March 15, the finance ministry's Department of Economic Affairs said India had "adequate" foreign exchange reserves to absorb the risks posed by the uncertain geopolitical environment. "The geo-political crisis is still evolving and these are early days to make a plausible forecast of its impact on India's economy in the year ahead. Yet India has braced well to meet the impact of rising commodity prices," the Monthly Economic Review report for February said. Read More at https://www.moneycontrol.com/news/business/economy/india-well-prepared-to-absorb-any-external-shocks-says-finmin-8235871.html