Vishal Kampani flags danger to India

A deepening slowdown in China threatens to derail India's economic growth, triggering financial market upheaval and a falling currency, Vishal Kampani, investment banker, said. "If China keeps getting hit like this, the yuan has to devalue, and we will see another crisis in India," Kampani, managing director at JM Financial, mergers and acquisitions adviser, said in a January 8 interview.

"I refuse to believe India will stand out and look very different." Indian stocks and the rupee fell Monday, tracking declines.

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