Economic Affairs Secretary: India can tackle Brexit impact

Reacting to the major impact of Britain's decision to move out of the 28-member European Union (EU) upon the Indian share market, Economic Affairs Secretary Shaktikanta Das said that the Indian economy has enough 'firepower' to deal with the situation. The BSE Sensex lost 1,034 points to quote at 25,968 and the Nifty shed 328 points to trade at 7,942 on Friday after Britain announced the step. Das said the Finance Ministry and the Reserve Bank of India have discussed all alternatives and have been working on this issue. “The Finance Minister, who is in Beijing, is also constantly and regularly monitoring the situation, we are regularly in touch with him. He is giving required directions at regular intervals,” he added.