20:53 GMT06 June 2020
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    Indian Finance Minister Arun Jaitley warns of post-Brexit global volatility and invites businesses to invest in "safe heaven" of India, the Finance Ministry said in a statement on Friday.

    MOSCOW (Sputnik) — On Thursday, the United Kingdom held a referendum to determine whether or not the country should leave the European Union.

    "We respect the referendum’s verdict… This verdict will, obviously, further contribute to such volatility not least because its full implications for the UK, Europe and the rest of the world are still uncertain… As regards, the Indian economy, we are well prepared to deal with the short and medium term consequences of Brexit… As investors look around the world for safe havens in these turbulent times, India stands out both in terms of stability and of growth," the statement read.

    According to the final results, 51.9 percent of voters, or 17.4 million people, decided to support Brexit, while about 16.1 million opposed it.

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    Britain Says 'Cheerio' to EU (463)

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    Brexit, Britain's EU referendum, Arun Jaitley, Britain, India
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