NIFTY  8,907.85  0.32%
  SENSEX  28,761.60  0.35%
 CURRENCY  Rs  66.93/$ 70.86/€, 83.36/£
  GOLD  29,218.00  -0.29%
  SILVER  42,716.00  -0.43%
  DAX  11,827.60  0.60%
  FTSE  7,299.86  -0.00%
  CAC  4,864.99  -0.04%
  HANG SENG  23,963.60  -0.76%
  NIKKEI  19,381.40  0.68%
  Shanghai Composite  3,253.33  0.23%
  DOW JONES  20,624.10  0.02%
  NASDAQ  5,838.58  0.41%
  S&P 500  2,351.16  0.17%
GOVT OFFICIAL - Govt To Sell 5% Stake In Bharat Electronics On Feb 22 GOVT OFFICIAL - Govt Aims To Raise About Rs 1,600 Cr From BEL Divestment

“India Does Not Have Solvency Problem”

Video:

Play this video

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.