Analysts agree China, Greece and US Fed developments need careful monitoring but India should gain, over time, from relative rise of the dollar and fall in commodity prices.
The best possible move would be for the government to spend the funds on activities like infrastructure development or as it deems fit, says Soumya Kanti Ghosh.
The derivatives expiry on Thursday is also expected to add to the volatility.
The India government needs to work on policies that can enhance global trade.
Industries with the highest number of top-rated companies at risk were hospitality/travel, media and entertainment, retail, financial services and consumer goods/manufacturing
They have put in $14 billion so far in 2014 but this could get slower if the US Fed raises rates; however, there are expectations on compensatory flows.
'I don't think you have anything to say to me and I certainly don't have anything to say to you.' Bharat Bhushan recalls his encounters with V S Naipaul.