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
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