Certain things have unfolded beginning of this year which have posed some serious challenges for global economy and also India, Sebi chief U K Sinha said here this evening while addressing an Icra function here.
He noted that while previously the challenges were Greece and European Union now the biggest challenge is China.
Some of the measures taken in China have brought about certain amount of uncertainty for global economy and markets, he said.
Sinha said with these new challenges it has become challenging for India to continue the high growth path.
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The impact of Chinese meltdown was also seen on Indian capital markets with benchmark Sensex tanking nearly 1400 points since January 1.