''India Not To Be Impacted By US Fed's Move To Tighten Liquidity'': K V Subramanian

India will not be impacted by the U.S. Federal Reserve's move to tighten liquidity expected later this year, as India's macro-economic fundamentals are strong, said Chief Economic Adviser K V Subramanian

India will not be impacted by the U.S. Federal Reserve's move to tighten liquidity expected later this year, as India's macro-economic fundamentals are strong, Chief Economic Adviser K V Subramanian said on Tuesday. Asia's third-largest economy has bad memories of past attempts by the Federal Reserve to get away from crisis-mode policies, particularly in 2013 when mere talk of "tapering" stimulus prompted the rupee to sink to record lows. "Our macroeconomic fundamentals, whether it's inflation, whether it's a current account deficit, whether it's our forex reserves, and all the others metrics clearly indicate that our macroeconomic fundamentals are very very strong," Subramanian said.