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Keeping the focus on fiscal consolidation
India has to compare its tax rates not with the more developed economies but with the ones that are closer home
If markets correct sharply, seize opportunity
The impact of Brexit on India could potentially come from either the trade channels or via tightening of financial conditions which then have a knock on impact on the real economy
India's macro parameters have improved significantly and provide reasonable protection against any global turmoil
Past actions will cause distress
Markets would not be immune to stresses in the economy & would remain lacklustre, if not downward trending, in next few months