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BREXIT: How Will It Affect India? 1. The United Kingdom has held the referendum for whether to remain in or leave the 28-nation European Union (EU) on 23rd June, 2016 i.e. today; the event which is termed as the most important global event of the year and is expected to have profound implications for various economies across the world. 2.  Let us have a look at the IMPACT it would have on the Indian economy: A) According to the Commerce and Industry Ministry, India's bilateral trade with Britain stood at $14.02 Billion in 2015-16 ($8.83 Billion in exports and $5.19 Billion in imports). Thus, the trade balance was a positive $3.64 Billion. B) This would be affected as a possible Brexit is estimated to shrink Britain's GDP by 360 basis points in the next two years, shrink the employment rate by 160 basis points and the pound by around 15-20%. C) There are around 800 NRI owned businesses in the UK with close to 110,000 employees. Also, India invests more in UK than the r

Brexit could be followed by Grexit, Departugal, Italeave, Czechout, Oustria, Finish, Slovakout, Byegium UK: -As 'Leave' increasingly looks like the final outcome in the UK referendum on EU membership, it is worth remembering that the vote is advisory and not legally binding. Therefore, no automatic procedures for exit from the EU will be triggered Friday morning and how the UK will seek to exit is still a matter for negotiation (and possibly voting) amongst UK legislators. Source Market News International (MNI) – A Deutsche Börse company