Need to keep check on international economic developments: BJPSeptember 18th, 2008 - 6:36 pm ICT by IANS
New Delhi, Sep 18 (IANS) Expressing concern over the Wall Street crisis, the Bharatiya Janata Party (BJP) Thursday said the government must keep a watch on the international economic developments because they could have a huge impact on India as well. “Nervous sentiments in the capital market may add fuel to the fire and the government must take immediate necessary steps to ensure security against this,” BJP spokesperson Prakash Javadekar told media persons here.
“Indians stand to lose many jobs because of the crash in the investment sector in the US,” Javadekar added, referring to the collapse of banking major Lehman Bros.
He said that though it is not directly related, the government must keep a watch on the capital outflows.
“Amidst all this, the rupee has also depreciated so the Reserve Bank of India and the government must keep a check on that too,” he said.