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Dubai crisis to have very minor effect on the country - FM
November 28, 2009 by financeminister
Finance minister Mr. Pranabh Mukherjee on Saturday assured that the Dubai debt crisis will not have any major impact on Indian economy.
Finance minister said that the involvement of Indian banks in Dubai is very minimal to have a great impact. He also informed that the Government is closely watching the situation, specially the impact it will have on the expatriate population.
It is estimated that more than 40 per cent of Dubai population are Indians.