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  • Category: Miscellaneous

    Short-term impact of 'Brexit' on Indian economy

    Although I am not a student of Economics, I have been thinking about short-term effects of 'Brexit' on Indian economy. In my opinion, the short-term impacts would be as under:-

    (i) Rupee will depreciate because of the double effect of foreign fund outflow and rise of dollar.
    (ii) The depreciation of INR can guarantee lower commodity and crude prices for a longer duration.
    (iii) 'Brexit' will cause inflationary tendency in the country.
    (iv) Retail petrol prices have risen by Rs 4.97 a litre after the June 15 hike, while diesel prices are up by Rs 7.72, taking both of them to their highest levels in a year, hurting the consumers. The price of petrol and diesel may rise further.

    However, I think that these impacts would be short-term. I strongly feel that Indian economy has acquired the inherent strength to take care of these impacts.
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