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The Finance Minister, Mr P. Chidambaram, on Monday said that the Indian economy was not as decoupled as we think we are, hinting that the decline in local share market indices could have come on the back of slippage in Asian markets today on fears on US recession.
Asian markets are slipping because of fear of US recession. We are not as decoupled as we think we are, Mr Chidambaram said at post-budget interaction with industry associations here today. He was responding to industrialist Mr Rahul Bajajs observation that Sensex had lost nearly 500 points in the early trading hours today.
