India is likely to see only a "small" impact if the US Federal Reserve decides to hike interest rates as the country is doing well compared to other emerging market economies, according to noted Harvard University economist Gita Gopinath.
Observing that downside risks to the global economy remain quite high, except for the US, she said everybody agrees that countries cannot have "only monetary policy doing the job".
If they (the Federal Reserve) do anything, it will be small. It will be 25 basis points or something. They are not going to do a very big interest rate increase
