As Britain voted to leave the European Union, with the Leave campaign securing around 51.8 per cent of the vote, Twitter was abuzz with reactions since yesterday speculating what would unfold hours later.Several economists, bureaucrats and think tanks took to Twitter the moment the results were out, and we bring you some of the best responses we could catch:
If it rains, you must remain :-) #Remain #VoteRemain #VoteStay
—Maitreesh Ghatak (@maitreesh) June 23, 2016
Britain renounces experts+votes yes to lies, xenophobia+recession, #SorryWorld #EURef pic.twitter.com/gcKLdugzWB
—Romesh Vaitilingam (@econromesh) June 24, 2016
Hon'ble FM's statement on #Brexit
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In these turbulent times,India stands out both in terms of stability and of growth pic.twitter.com/q3lTJPSuHDJayant Sinha (@jayantsinha) June 24, 2016
My Statement on the United Kingdom Referendum https://t.co/iRLVpMKRGO
—Arun Jaitley (@arunjaitley) June 24, 2016
Secretary DEA,Shaktikanta Das : "
— Ministry of Finance (@FinMinIndia) June 24, 2016Brexit impact on India will be minimal. FM is regularly monitoring the situation and giving directions"
Would be great to see a Monty Python take on #Brexit ... cc @bibekdebroy @ajit_ranade
— Amit Paranjape (@aparanjape) June 24, 2016
Brexit: India will not be really affected.Macro fundamentals fine.Fiscal & current account deficits under control. Growth good. FDI rising.
—Chandrajit Banerjee (@CB_CII) June 24, 2016
#Brexit result ushers in a period of uncertainty in the near term but mix of challenges & opportunities in the longer term- NASSCOM President.
— NASSCOM (@nasscom) June 24, 2016
A few other economists took to the web to express their reaction:Brexit could endanger the flow of investment and personnel by diminishing Britain’s role in providing access to Europe, Dr A Didar Singh, the secretary general of FICCI, said. “Britain is considered an entry point and a gateway for theEuropean Union by many Indian companies, a view echoed by the prime minister, Narendra Modi, in his visit to UK in November last year,” Singh said."It is expected that the market would remain a little volatile due to the global events. Brexit is expected to heighten global volatility, thereby impacting capital flows at home," DK Aggarwal, Chairman and Managing Director, SMC Investments and Advisors, said.