Indian Economy

It does not affect Indian economy.

Our economy has a fairly good dependence on international market.it is estimated that if the oil price go up by $1 in the international market it will have a cascading effect on India thereby causing an increase of 3600 crore rupees in expenditure, that much is our financial stability.It was only recently that we witnessed a sharp fall in the sensex following comments made by the finance minister regarding the imposition of control by sebi on foreign investment flow.But at the same time we cannot ignore the fact that indian economy is one of the fastest growing economies in the world.You might have noticed the recent appreciation of rupee against dollar.With the endorsement of the eleventh plan by national development council targeting a growth rate of 9% in the first half and 10% in the second half we can expect that our economy will be more strengthened in the coming years despite the vast fluctuations and volatility of the international market

I dont think that would quite matter the economy of India .Infact our economy needs to be a bit more self sufficient.