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Submitted by Pradeep Kumar.B on

Truly speaking, that transmission has happened putting the future of many emerging market economies at stake. The slow down in growth rate in India should be read along with that. In the starting period of financial meltdown, India could withstand the negative spill over effects from the West. But, now the economy is facing the repercussion of the withdrawal of finance by the international players overnight which has in fact weekend the value of Indian money against dollar.