India's economy resilient to Adani stock rout, says Ashwini Vaishnaw

Vaishnaw declined to comment on how allegations against Adani were being assessed by the government

India’s economy will withstand the stock rout caused by allegations against Adani Group, while any impact on the broader equity markets is set to be short-lived, a top minister said.

“India has a very broad spectrum of infrastructure companies,” Ashwini Vaishnaw, India’s minister for tech and railways, told Bloomberg TV’s Rishaad Salamat and Haslinda Amin on Thursday. “Whatever blip is there on the stock market is not going to affect the overall economy, I am very sure of that.”

Billionaire Gautam Adani’s mining-to-infrastructure conglomerate has lost $92 billion in market value since US-based short-seller Hindenburg Research published a report Jan. 24, accusing