Photo: APYokohama: A stronger rupee is unlikely to impact India’s export competitiveness and growth momentum and Asian economies, including India, may not be adversely affected by noises of protectionism in the developed countries due to rising intra-Asian trade, Asian Development Bank chief economist Yasuyuki Sawada said on Wednesday. Speaking to reporters ahead of the 50th annual meeting of ADB beginning Thursday, Sawada said even though the rupee may have appreciated, export prices and market environment will positively impact India’s export competitiveness. “Overall export performance of India is quite positive,” he added. Even the government seems to be willing to tolerate a stronger rupee. The ADB has projected India’s economy to grow at 7.4% in financial year 2017-18 against 7.1% the previous year, on the back of a pick-up in consumption demand and higher public investment.

Source: Mint May 03, 2017 07:52 UTC