Debt crisis in EU states will impact Indian exports

Brussels, May 29 (IANS) The current debt crisis in some European Union member states will have a negative impact on Indian exports and the Indian stock market, a top official said Saturday.

At least 27 percent of India’s trade is with Europe and the crisis will impact India’s export to the region, Sunil Prasad, the Europe India Chamber of Commerce (EICC) secretary general, said here Saturday.

The chamber has become the ‘first port of call’ for those doing or wanting to do business with India, Prasad said, adding that the EICC will help anyone ‘looking to build business in India or Indian companies in Europe’, EuAsiaNews reported.