India can cope with Fed Reserve decision

The Finance Ministry has allayed fears in the financial circles over the the rise in interest rates effected by the US Federal Reserve. Sources say the economic fundamentals of India are strong. They can cope with such decisions as by the Federal Reserve. Indian economy is strong enough to offset any market disruptions. Secretary in the Finance Ministry, Sasikant Das, has tweeted: "Owing to prior information on the decision (by Federal Reserve), precautions have already been taken." If the US decision is taken positively, developing countries can speed up their progress. There need be no fears that forex funds will move out of the country. There might, however, be some effect on the stock market.