Many watch cautiously as the Dubai financial crisis rolls out and the first after shocks begin to be felt all over the world. India too has been cautious about the crisis. As one of the largest state firms of Dubai indicated a debt repayment crisis, India has nothing much to say except for that the extent of the problem needs to be examined before any comments can be made.
There have been no visible after effects of the crisis on India yet. However, it is too soon to be making any sort of analysis. In fact, stalwarts in India feel that the real estate crises in Dubai will not have any effects on the Indian economy. India has already proved that its economy is robust enough to survive such setbacks even when they happen on a larger scale and take down giants like America.
Still, there are strong linkages between companies in India and Dubai. There might be some impact. However, the impact will only be on certain individuals and corporates and will not be felt by the entire country.
