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wht will be the affet of lehman brothers bankruocey on
indian economy?
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Answer Posted / radhika
there will be a hard impact on the indian economy as lehman
bros. were not only the biggest investment banks in
America,big Indian industries were also having dealings
with them on a large scale.Their bankruptcy has given a
setback to American economy which indirectly means an
adverse impact on Indian economy.
E.g-Textile industry is facing stiff problems due to cut
off of orders by America.
About 60% of the indian Bpo sector outsources business of
american companies,which is badly hit by this incidence.
| Is This Answer Correct ? | 13 Yes | 3 No |
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