What is Brexit? How will it affect India?
Answers
Explanation:
Brexit is the withdrawal of the United Kingdom from the European Union. Following a UK-wide referendum in June 2016, in which 52% voted to leave and 48% voted to remain in the EU, the British government formally announced the country's withdrawal in March 2017, beginning the Brexit process
British PM Boris Johnson has announced that a new deal has been agreed that will finally allow UK to leave EU by October 31. Brexit is on everyone’s mind. Even here in India. Bhavin Turakhia, Founder & CEO, Flock, says that Brexit’s impact will be felt across the globe and especially in India given the high number of trading partners between the two countries.
Brexit is the Britain's withdrawal from the European Union.
Explanation:
Brexit is the Britain's withdrawal from the European Union.
- The most affected could be the automotive, pharmaceutical and IT sectors.
- NASSCOM has estimated that the short- impact of Brexit on the $108 billion Indian IT market would be felt.
- Gold costs, electronic products, among others, may also increase.
- Due to a fall in the value of Pound Sterling, Indian shipments to the United Kingdom would fail.
- Cheaper rupee would make Indian exports, like IT and ITeS, more competitive.
- Indian import companies trading in the United Kingdom can also report losses.
To know more:
What is brexit meaning - Brainly.in
https://brainly.in/question/418658
What is brexit and how it will affect indian economy essay? - Brainly.in
https://brainly.in/question/12719070