China slowdown won’t have much impact on India, says Finance Secretary TV Somanathan

India’s finance secretary, T.V. Somanathan, has said that the slowing Chinese economy is unlikely to have much of an impact on India’s economy, and the government will continue with its capital expenditure push. The Chinese economy is suffering after retail sales, industrial output and investment data came in much lower than expected. Five major brokerages have now cut China’s growth forecast for this year.