It will have a transient impact which reverses itself in due course: Jaitley on Brexit

Beijing: Finance Minister Arun Jaitley today stated that Britain’s decision to opt out of the European Union will have a transient passing impact on India as the emerging economy has strong economic fundamentals and the resources to counter any eventuality.

Jaitley is on a five-day visit in China and there he said: “It will have a transient impact which reverses itself in due course.”

He further stated: “If fundamentals of an economy is sound, impact of this, beyond initial days, gets diluted.”

 

Beijing: Finance Minister Arun Jaitley today stated that Britain's decision to opt out of the European Union will have a transient passing impact on India as the emerging economy has strong economic fundamentals and the resources to counter any eventuality.…