Brexit to have muted impact on India: CEA

Q.  Which country is running the world’s largest current account surplus post Brexit?
- Published on 14 Jul 16

a. France
b. Germany
c. UK
d. Ireland

ANSWER: Germany
 
Brexit will have a muted impact on India, according to Chief Economic Adviser Arvind Subramaniam. The economy cannot achieve 8-10 percent growth without an outward oriented strategy.
  • He also said economic growth is still above 7 percent despite exports falling for the past 17 months and India is the services sector powerhouse.
  • Subramaniam indicated India can achieve 15 percent export growth and can raise service export from 0.2 to 1.5 percent.
  • He also said Germany is running the world’s largest current account surplus

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