Developments in Taiwan will not impact India: RBI Guv


PTI, Aug 5, 2022, 5:33 PM IST

PTI Photo

Mumbai: Reserve Bank Governor Shaktikanta Das on Friday said India is unlikely to be impacted by any adverse developments in Taiwan.

The Governor said Taiwan accounts for only 0.7 percent of India’s overall trade and the capital flows from the island are also not very high.

This week witnessed rising tensions between Taiwan and China, triggered by US House Speaker Nancy Pelosi’s visit to the island nation which Beijing views as a breakaway province. A belligerent China has tested missiles and sent 100 warplanes and 10 warships for live-fire military drills in the close vicinity of Taiwan.

“…so far as India is concerned, you know, our trade with Taiwan is minuscule. It’s about 0.7 percent of our total trade. So therefore the impact on India is expected to be very, very, very negligible,” Das told reporters here.

He added that capital flows from Taiwan in terms of foreign direct investment (FDI) and other instruments are also very low.

“So, therefore India is not really going to be impacted with regard to what’s happening or what is likely to happen in Taiwan,” he said.

Quizzed about the developments in Sri Lanka, Das said any discussions will be done by the governments.

The RBI only studies the economic developments with regard to the ramification on the Indian economy, he added.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Shivakumar desperately wants to become CM, says K’taka BJP chief Vijayendra

M’luru: Hotelier approaches consumer court after car filled with diesel instead of petrol

CET 2024: At least 45 questions out of syllabus, claim students

‘Out of control’ lorry hits several vehicles, shops after ‘brake failure’ at Yedapadavu

RCB helps restore three Bengaluru lakes; chips in to solve water crisis

Elderly tourist from Bengaluru goes missing in Goa

Bengaluru’s Shift to Smarter Spending: Pre-Owned Car Sales Jump 87 percent

Related Articles More

Scribe throws lapel microphone towards Sharad Pawar in Baramati; cops give clean chit

India delivers first batch of BrahMos missiles to Philippines

Air India cancels Dubai flights due to operational disruptions

2 Indian students killed in Scottish waterfall accident

Lok Sabha Elections 2024: Zero voter turnout in 6 Nagaland districts amid shutdown call by ENPO over separate territory demand

MUST WATCH

Grafting Jack Anil

Heat Illness

Dwarakish death at 81

H. D. Deve Gowda

Aura Cake shop in udupi


Latest Additions

Injuries don’t define you: Mohammed Shami shares rehab update

Shivakumar desperately wants to become CM, says K’taka BJP chief Vijayendra

Scribe throws lapel microphone towards Sharad Pawar in Baramati; cops give clean chit

India delivers first batch of BrahMos missiles to Philippines

Air India cancels Dubai flights due to operational disruptions

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.