‘Venezuela chaos will not hit India’s trade’
Developments in Venezuela will not have any material impact on India’s global trade or the credit quality of Indian corporates, global analytics firm Crisil Ratings said. Venez-uela’s share, nearly 1.5%, of global crude oil supply is unlik-ely to cause sustained turbule-nce in prices, shielding India Inc from material adverse impact. “India’s direct trade with Venezuela is insignificant, accounting for less than 0.25% of its total imports,” it said.
