India’s Economy Resilient to Adani Stock Rout, Minister Says
- India has broad spectrum of companies, minister Vaishnaw says
- Adviser says investors will look through ‘short-term noise’
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India’s economy will withstand the stock rout caused by allegations against Adani Group, while any impact on the broader equity markets is set to be short-lived, a top minister said.
“India has a very broad spectrum of infrastructure companies,” Ashwini Vaishnaw, India’s minister for tech and railways, told Bloomberg TV’s Rishaad Salamat and Haslinda Amin on Thursday. “Whatever blip is there on the stock market is not going to affect the overall economy, I am very sure of that.”