The Economic Times, 23 Nov 2008
AHMEDABAD: The global financial crisis is far from over and it would have a major impact on India with FIIs taking out money from the market and many loans turning into bad ones, said experts here on Saturday.
IIM-A Professor Jayanth Verma said, "In India and Asia we are at the beginning...I think India is where the US was an year ago. And all it looks as if we are facing liquidity crisis in India and much of Asia, but its lot more than that."
He said the crisis was affecting India and other Asian countries as FIIs were taking out money from the country, and that was happening across Asia.
Read More
