Brexit will undoubtedly impact India, but it’s ready, says India’s Economic Affairs Secretary
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It’s just a few hours left for the final voting on '"We are living in times where all countries which are globalised have to bear the impact,"
Most of the polls conducted in the UK showed a tough race, however, the 'remain' camp has come out to be marginally ahead of the 'exit' group, while a sizeable proportion also remained undecided.
The results of the final votings will most likely be available by late Thursday night.
"We will take whatever measures are required. We need not be duly alarmed. If it happens we must learn to deal with it," Lavasa told ET.
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"If there is any currency volatility, we should be able to deal with that situation," Das added.
India's current account deficit narrowed to 1.1% of GDP in 2015-16 from 1.3% from a year ago.
Talking of India’s relations with the UK, we exported $8.8 billion worth of goods to the UK last fiscal and imported goods worth $5.2 billion. British companies have invested big in India; however, the recent years have seen these inflows slowing down, since in 2015-16, UK invested less than $1 billion in India.
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