India's decision to withdraw the 'most favoured nation' (MFN) status to Pakistan will adversely impact the neighbouring country's economy which is already in "deep trouble", Niti Aayog Vice Chairman Rajiv Kumar said Friday.
India on Friday revoked the MFN status to Pakistan in the aftermath of the Pulwama terror attack.
"The impact of India's decision to withdraw MFN status on Pakistan economy, which is already in deep trouble, could be significant.
"On the other hand, India's exports are marginally dependent on Pakistan's market and these can be successively diverted to markets in the Middle East," Kumar told PTI.
He further said India's large market will now be closed for Pakistani exports.
Noting that India has always refrained from taking any trade and commerce related measures despite repeated provocations from Pakistan, Kumar said, "India has been forced to take the step of withdrawing MFN status for Pakistan after the latest extreme provocation in Kashmir."
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