Indian Economy Watch: Analysts say Tsunami not to impact Indian economy

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Monday, January 03, 2005

Analysts say Tsunami not to impact Indian economy

The deadly weekend tsunami will have no impact on the Indian economy because it did not hit any major sectors driving the economy and most areas devastated were inhabited by fishermen.

Private economic think-tanks and industry groups have pegged the total cost of reconstruction and relief at 20 billion rupees and analysts say Asia's fourth-largest economy will be able to meet the costs comfortably.