India is watching the external developments of recent weeks and its impact on the economy, Chief Economic Advisor Raghuram G. Rajan said here today even as he expressed optimism of the economy growing by over 6 per cent during the current fiscal
“The external environment has deteriorated somewhat,” he said”Yesterday's US labour numbers came in very weak compared to expectations, the tensions in Korean peninsula which is creating problems (and in) Europe you have the Cyprus issues and some concern about some of the banking systems in some of the peripheral countries because of what happened in Cyprus.