These two words are taking rounds in the financial markets these days , and all are enjoying its thrill .

Frankly it is Rexit that is more relevant for us in India. Raghuram Rajan has done a very good job, as almost all of us will agree.The unnecessary controversy that surrounded his decision is rather shameful . This is no way we can attract good talents from outside the political and Bureaucratic circles . I am sure wiser counsel will prevail in finding his replacement and the decision will be guided by the economic ideology rather than political ideology of the incumbent.

The important issue here is regarding the crusade that Rajan has so well started against the NPAs . The momentum, lets hope is not lost .

As far as Brexit is concerned, I do not think there is any serious reason for India to worry , though a handful of sectors will have to experience a transitory set back . In fact, India and the Indian Rupee will gain grounds over a period of time. The Financial HQ ( London) will have to face a highly turbulent time due to uncertainties and painful process of Exit . I will not be surprised if Britain has a relook at the Poll Results and eventually continues in EURO Zone. But even if that happens, its credibility will be seriously doubted. For India, it is to be seen how smartly we are able to take an advantage of the turbulence that is created. I trust our private sector to perform aptly .