New Delhi: Strong exports, capital inflows, low-running transaction deficits and high forex reserves make India better prepared to face external shocks, economic surveys on Monday.
In recent months, the denial of the stimulus program related to a pandemic in the midst of continuous inflationary pressure in developed countries, especially the US, has revived some tantster taper concerns.
However, the survey said the external sector of India was tough on such external shocks arising from the tightening of monetary policy attitudes in the coming months.
It studies the performance of the main vulnerability indicators such as foreign exchange reserves, external debt for GDP ratios, short-term debt to GDP ratios and some more and compare levels of three periods – Gross Financial Crisis (Taper 2009), Taper-Tantrum (FY 2014) and the first half from FY22.
Complete coverage: Union 2022-23 Budget Comparison is important because the US Federal Reserve might choose to tap tantrum to limit inflation to soar.
At $ 633.6 billion, foreign exchange reserves were near the recording level.
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Tangguh Indian external sector for tapering tantrums, said economic survey
