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Investors say Brexit could have an effect on India's trade, currency

Investors square measure involved that government tension may upset credit markets globally.

New Delhi: Brexit is probably going to impact international growth and capital flows, which can have implications on India's currency, trade and accounting, says a survey of invariable investors within the country.

The survey by India Ratings and analysis (Ind-Ra) additionally same that majority of investors expect the dangerous loan stress within the industry to finish. in step with survey, a majority of investors expect the dangerous loan stress within the industry to finish by FY 2017-18.

However, twenty six per cent (investors) believe it'd finish solely in FY 2018-19 and twenty two per cent see it ending once FY19.

"Investors area unit involved that politics tension may upset credit markets globally. twenty nine per cent of investors hierarchical  this as a high risk in FY17," same invariable capitalist Survey 2QFY17.

It additional aforementioned the world growth is probably going to stay weak, which is able to impact India's trade and also the accounting.

Ind-Ra believes the survey results replicate broader capitalist concern over high-profile international sources of risk admire Brexit, uncertainty of the long run of EU, debt and forex volatility as a fallout of the globally extended crises, instead of domestic problems," the rating agency aforementioned in an exceedingly statement.

Ind-Ra aforementioned investors believe the foremost vital domestic issue to look at out for in FY 2016-17 is that the progress of monsoon.

"24 per cent of investors rate monsoon because the key issue to look at out," it explained. in step with the rating agency, respondents believe that the deterioration in quality quality of banks poses the very best risk to credit markets in FY 2016-17.

According to Ind-Ra survey, investors opt for government securities (G-sec) over all different assets and least like better to hold on to profit the present market. The survey garnered forty six responses throughout the amount might twenty three to quarter day, 2016.

A majority of the respondents were call manufacturers of active fastened financial gain investment establishments, specifically mutual funds, pension and insurance funds, whereas seventeen per cent were major domestic bond investors from banks.

"34 per cent of investors rank G-sec because the most most well-liked plus to speculate into relative to others," it said.


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