SBI Chairman Dinesh Khara has said that the impact of the global recession is likely to be very less on India.
International Monetary Fund (IMF) and World Bank are being expressed about the coming global recession.
Despite the fear of a global recession, its impact on India is likely to be far less than that of other countries.
SBI Chairman Khara, who came to participate in the annual meeting of the IMF and World Bank, said this.
Khara said that the economic growth rate in the current financial year is estimated to be 6.8 percent.
The State Bank of India chairman said India is performing relatively well with inflation largely under control.
There will be an impact of the global recession, but it may not be as much as other fully connected economies of the world.
The fall in the value of the rupee was attributed by the SBI chief to the strengthening of the US dollar.
Compared to other major currencies of the world, the Indian currency has held itself more strongly against the dollar.