India is seen to be relatively sheltered from the shocks of the crisis. It is unlikely to impact India's banking system or its broader macroeconomic stability, unless more banks in the US or Europe fail and the crisis gets pronounced. Yet, analysts and some economists believe indirect impact of the banking crisis might ripple through India's economy and manifest in India's tech sector, markets and startups.source https://economictimes.indiatimes.com/industry/banking/finance/banking/this-is-how-global-banking-crisis-can-impact-india-in-different-ways/articleshow/98862476.cms
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