Most of the macroeconomic impact will be felt in the short-term, though there are larger implications in the medium- to long-term. Overall, negative impact on disposable income is expected along with likely disruption in the consumption patterns of the general populace.It is estimated that there will be a negative GDP impact in the current quarter as consumption gets a shock in the immediate term. However, quantum and degree of this impact cannot be ascertained at this time.An elevation of uncertainty is always a negative for equity markets. This will impact the retail sector adversely.The real estate sector is likely to see a significant negative impact in the medium- to long-term, particularly in the repurchase market. Though the RBI will be monitoring and taking remedial action, negative impact on international trade cannot be ruled out at this point.

Source: Economic Times November 10, 2016 07:28 UTC