Monday , December 5 2016
Home / News / India / Brexit: Value multifaceted relationships with both UK and EU, says India

Brexit: Value multifaceted relationships with both UK and EU, says India

India's Prime Minister Narendra Modi (L) gestures next to Britis

New Delhi : With the United Kingdom voting itself to freedom from the European Union on Friday, India has asserted that it values its multifaceted relationships with both the UK and the EU and will strive to further strengthen the ties.

“We have seen the results of the British referendum on EU membership reflecting the choice made by the British people on the issue. We value our multifaceted relationships with both the UK and the EU and will strive to further strengthen these ties in the years ahead,” Ministry of External Affairs (MEA) Official Spokesperson Vikas Swarup said in a series of tweets.

Meanwhile, with the global markets taking a huge blow from the impact of Brexit, Finance Minister Arun Jaitley said that the Indian economy was well prepared to deal with the short and medium term consequences, adding that the Centre’s aim will be to minimize its impact on the economy.

“The government and the Reserve Bank of India as well as other regulators are well prepared, and working closely together, to deal with any short term volatility. Our aim will be to smooth this volatility and minimize its impact on the economy in the short term. At the same time, for the medium term, we will steadfastly pursue our ambitious reform agenda-including early passage of the GST-that will help us realize our medium term growth potential of 8-9% and help achieve our objective of development for all,” Jaitley said.

Meanwhile, Britain has voted in favour of Brexit with 52 percent of the voters backing the decision to leave the European Union so far.

After the results many ‘leave’ campaigners were seen celebrating across the country.

The total voter turnout was around 72 percent.

The pound had already plummeted to its lowest level against the dollar in decades by the time the poll results were out. (ANI)

Read Also

Giriraj-Singhgiriraj

Giriraj Singh calls for mass sterilisation, BJP calls it his personal view

8