India’s situation better than rest CEA on stock market crash

As stock market continues to plunge amid coronavirus outbreak, Chief Economic Advisor K Subramanian on March 13 asserted that all countries, including France, Russia, US, UK, Japan and others have had more than a 20% decline in their stock prices & India is actually below them. “Current developments in market are reflections of global factors related to coronavirus episode. All countries, including France, Russia, US, UK, Japan & others have had more than a 20% decline in their stock prices & India is actually below them,” said Subramanian.