Brexit is not good for World: Arundhati Bhattacharya

TIL Desk/Business/New York-Brexit is “not the right thing” for the more connected and more collaborative world, SBI Chairperson Arundhati Bhattacharya has said, describing it as a step back in the time of globalisation. “I believe that we will benefit more by globalisation. Brexit is actually a step back in the sense that you are going back from being connected to being on your own.

If you look at it ideologically, I would say Brexit is not something that probably is good for the world,” Bhattacharya said during a live Facebook chat with the former Chief Digital Officer at the Metropolitan Museum of Art, New York Sree Sreenivasan. Bhattacharya, who is currently in the city, will be meeting investors and rating agencies.

 From an Indian point of view, Bhattacharya said India will need to “re-examine” and “re-negotiate” the trade access with the EU and the UK which she noted may or may not be “good” for India. Among the most powerful and influential women in the world of finance, Bhattacharya said Brexit is “not the right thing” as the more connected and more collaborative the world gets today, “it will be better for everyone”. “The less inclusive we become, I think it is not good for the world at large,” she said.