How far the India get effected by global crisis? I believe India will not have much of impact because
1. India has lot of unaccounted money(black money) which will provide good liquidity
2. Indians and Indian companies are conservative in spending. That means we normally spend less than what we earn
3. Also need to see, how much we depend on our imports compare to other countries? and how much we export and what is the percentage of exports compare to our GDP
4. Inflation creates sufficient liquidity in the system
5. India is less exposed to credit default swaps which is the prime reason for current crisis
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