India's Chief Economic Adviser on Brexit, Trump and Modi

The video discusses the impact of Brexit on the Indian economy, highlighting the potential challenges and opportunities in trade relations with the UK and EU. It also examines the effects of US protectionism under Trump's administration, particularly concerning H1B visas. Domestically, the focus is on India's investment climate, the challenges of private investment, and the role of public spending. The implementation of GST and its implications for economic reforms are also explored, emphasizing the need for smooth execution and addressing the twin balance sheet problem.

What is the short-term impact of Brexit on Indian exports according to the discussion?

• A complete halt in exports

• No change in export volumes

• A steady upward trend in non-oil exports

• A significant decline in exports

What is the Indian government's stance on post-Brexit trade relations?

• Seek closer relations with both the UK and the EU

• Focus solely on the EU

• Focus solely on the UK

• Avoid any new trade agreements

What could be a potential consequence of protectionist measures in the US for India?

• Increased job opportunities in Silicon Valley

• A boost in Indian exports

• A negative impact on the Indian economy

• No effect on the Indian economy

What has been a major factor in sustaining India's economic growth despite weak private investment?

• Increased factory output

• Decreased foreign direct investment

• Strong public spending and consumption

• High oil prices

What is the 'twin balance sheet problem' mentioned in the discussion?

• Weak exports and high unemployment

• High fiscal deficit and low foreign investment

• Over-indebted corporates and bad loans in public sector banks

• High inflation and low GDP growth

What is the expected impact of GST on tax collection in India?

• Tremendous gains in compliance and efficiency

• Decrease in tax compliance

• Increase in tax rates

• No change in tax collection

What should be a priority for the Indian government according to the discussion?

• Increasing oil imports

• Resolving the twin balance sheet problem

• Reducing public spending

• Halting foreign direct investment