Premji says European crisis will not affect India, Wipro

Wipro chief Azim Premji said today that the Euro zone debt crisis will have a minimal impact on India. “It will blow over,” Premji told reporters on the margins of a Federation of Indian Chambers of Commerce and Industry meeting in Bangalore.

Wipro chief Azim Premji said on Friday that the Euro zone debt crisis will have a minimal impact on India.

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“It will blow over,” Premji told reporters on the margins of a Federation of Indian Chambers of Commerce and Industry meeting in Bangalore.

Premji said Greece accounted for only 2.5 per cent of the domestic product of the European Union and about 0.3 per cent of the global GDP.

He said there was no impact on his company from the crisis.

FICCI president Rajan Bharti Mittal said the crisis had not caused any major concern among Indian exporters. "It is very minimal,” he added.

However, if the crisis spreads, it could have huge impact on Indian exports, Mittal said.