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“India Does Not Have Solvency Problem”

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August 20: Neelkanth Mishra, Head of Equity Strategy India at Credit Suisse, states that India does not have a solvency problem, but does have a liquidity problem. “If liquidity issue is not solved fast it can become a solvency issue,” he points out. Mishra believes that exports should pick up as imports ease themselves due to the slowing of Gdp and that the import bill for FY14 is expected to come down significantly. Furthermore, he cites lack of confidence in rupee hurting the CAD.