Dubai World's impact on India to be limited

The impact of the Dubai World crisis on India's economy would be limited and the authorities there would find a way out, experts said.


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"The impact of the Dubai crisis on the Indian economy would be very limited. Dubai World's debt is known to almost everybody. The news is the deferment of their repayment of liabilities. The Dubai government will find a way to save the company," Edelweiss Institutional Equities' Co-Head Vikas Khemani told PTI here.

According to another expert, the general feeling is that the UAE government will come out with a statement of support for the crisis-ridden company soon.

"The general expectation is that the UAE government will come out with a strong intent or statement of support for Dubai World and its related business, which can then arrest possible sell-off that one can expect before the markets open on Monday," Barjeel Geojit's CEO Krishnan Ramachandran said.

Ashutosh Datar, strategy analyst of IIFL, the institutional equities arm of India Infoline, said: "From an India-perspective, the exposure of Indian companies to Dubai appears very limited."

"After all, Dubai is just one small part of the