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Brexit: How India is reacting to UK's exit from the EU

Govt and market analysts shrug off Brexit fear say there will be no direct impact on Indian economy

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Brexit

BS Web Team  |  Mumbai 

In a historic development, Britain voted to leave the European Union, a decision which leaves the world's fifth-biggest economy facing deep uncertainty about its growth prospects and its attractiveness to investors, and which could hurt other economies in Europe and beyond.

Seeking to allay concerns over Brexit impact on India, the government expressed confidence that the economy will not suffer from any long-term impact of Britain's decision to leave EU and that it is prepared for all eventualities. Agreeing to the government's stance on the effect Brexit will have on ...

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First Published: Fri, June 24 2016. 12:22 IST