Earthquake srtikes Japan, will it impact Indian Economy?

In a land of people used to earthquakes, everyone is saying this one, which hit at 14:46 local time, is the strongest they’ve ever felt-and that’s in Tokyo, some 400 kilometers southwest from the epicenter.

Scientists are calling it the biggest earthquake in Japan’s tremor-filled history. Preliminary estimates from the USGS put the magnitude at 7.9, which have since grown to 8.9. Estimates of the depth range from 10-20 kilometres. This earthquake was 178 times as powerful as the 1995 Hanshin/Kobe earthquake. (Source)

Houses swept by a tsunami smoulder near Sendai Airport in Japan on March 11, 2011. A massive 8.9 magnitude quake hit northeast Japan on Friday, causing many injuries, fires and a ten-metre (33-ft) tsunami along parts of the country’s coastline. There were several strong aftershocks and a warning of a 10-metre tsunami following the quake, which also caused buildings to shake violently in the capital Tokyo. A tsunami warning has been issued for the entire Pacific basin except for the mainland United States and Canada following a huge earthquake that hit Japan on Friday, the Pacific Tsunami Warning Center said. (Source)

Image Source : Economic Times

Our Prays are with the people who have been affected.

Interesting read :
It is know Japan keep’s on witnessing earthquakes too often read on to know more. (Why Japan is prone to earthquakes)

Implication on Indian Economy?

Adrian Mowat, MD & Chief EM Strategist, JP Morgan says “Japan earthquake unlikely to impact Indian economy.” (Read More on ET)