Putting the blame for India's economic woes on its internal issues, German Finance Minister Wolfgang Schaeuble has said New Delhi should not attribute its problems to monetary polices of developed nations.
"I once again say that in India there are sufficient internal problems which are not caused due to the monetary policy of other countries," Schaeuble told a TV channel. The comment came just before the G20 Ministerial meeting here, where finance ministers and central bank governors are scheduled to brainstorm on global concerns covering areas such as taxation and infrastructure funding to promote faster and evenly growth across the globe.
Emerging economies, including India, have been asking the US, which has started gradual withdrawal of its fiscal stimulus, to be more predictable in monetary policy. The US Federal tapering has caused flight of capital out of emerging economies and in turn hammering their currencies.