Little impact of SVB failure seen on macro-economy, say govt officials

Startup sector may be face liquidity issues; exposure of Indian banks to SVB yet to be ascertained

Arup Roychoudhury | New Delhi
Last Updated at March 12, 2023 20:09 IST

Photo: Bloomberg

The implosion of California-based lender Silicon Valley Bank should not have any lasting macro-economic ripple effect on India, except perhaps impacting liquidity of the startup sector, which is already in the midst of a funding winter, government officials and independent economists say.

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