Chinese Market Meltdown: Top 5 Impacts On India
Good for deficit and inflation management
The oil prices are globally taking a beating, with the massive reduction in prices and a possible U.S.-Iran deal, China once again lowered its oil price. This is another opportunity for India as low price can help control deficit and also keeps inflation under control.
Bad for automobile producers
The auto mobile giants like Tata Motors will feel the pinch in the Chinese market meltdown, since the company has heavily invested in this sector for driving future growth. China was the fastest growing market for auto mobile exports and manufacturing and as its consumption falls, auto- ancillary suppliers in our country are likely to be affected.
Read More: Sensex Slips Further, Down 114 Pts Ahead Of TCS Earnings.
