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There's been a bloodbath in the indian equity markets so short term impacts are definitely negative.We will get to know the india specific long term effects soon,the pros and cons for UK are obvious,u can look it up!
It would impact the economy of Britain as noe they would loose access to the European Market. the impact as been reflected in the fall of the rate of Pound. The lowest since 1985. Britain would have to turn towards other economic blocs and hone its bilateral relations with prospective investor countries, as a lot of them might withdraw with Britain no longer being a gateway to the european markets.( This applies to the indian firms who have heavily invested in Britain, we are the third largest source of FDI to Britain) A Norway like arrangement could also be sought with an outsider access to the european markets. Though that would take time and comes with riders. It wouldnt really free Britain from the obligations that drove it to vote out of EU. For eg: Taking in refugees. For the Indian govt, it'll provide a breather as the oil prices would fall. The check would provide an advantage to ruling BJP in the election year for some crucial states. The stock market is already facing the adverses. The whole question of the existence of the EU and the seat of power in Brussels has been questioned now. Germany has a crucial role to play in filling the vacuum , though it wont be easy. Rise of the political right in Europe is also a major concern. This would certainly impact the migrants. @naveen
It would impact the economy of Britain as noe they would loose access to the European Market. the impact as been reflected in the fall of the rate of Pound. The lowest since 1985. Britain would have to turn towards other economic blocs and hone its bilateral relations with prospective investor countries, as a lot of them might withdraw with Britain no longer being a gateway to the european markets.( This applies to the indian firms who have heavily invested in Britain, we are the third largest source of FDI to Britain) A Norway like arrangement could also be sought with an outsider access to the european markets. Though that would take time and comes with riders. It wouldnt really free Britain from the obligations that drove it to vote out of EU. For eg: Taking in refugees. For the Indian govt, it'll provide a breather as the oil prices would fall. The check would provide an advantage to ruling BJP in the election year for some crucial states. The stock market is already facing the adverses. The whole question of the existence of the EU and the seat of power in Brussels has been questioned now. Germany has a crucial role to play in filling the vacuum , though it wont be easy. Rise of the political right in Europe is also a major concern. This would certainly impact the migrants. @naveen
it is being said that Brexit would lead to lower commodity prices including oil prices. couldnt understand the rationale behind this assertion. if anyone could make this clear???
it is being said that Brexit would lead to lower commodity prices including oil prices. couldnt understand the rationale behind this assertion. if anyone could make this clear???
It would impact the economy of Britain as noe they would loose access to the European Market. the impact as been reflected in the fall of the rate of Pound. The lowest since 1985. Britain would have to turn towards other economic blocs and hone its bilateral relations with prospective investor countries, as a lot of them might withdraw with Britain no longer being a gateway to the european markets.( This applies to the indian firms who have heavily invested in Britain, we are the third largest source of FDI to Britain) A Norway like arrangement could also be sought with an outsider access to the european markets. Though that would take time and comes with riders. It wouldnt really free Britain from the obligations that drove it to vote out of EU. For eg: Taking in refugees. For the Indian govt, it'll provide a breather as the oil prices would fall. The check would provide an advantage to ruling BJP in the election year for some crucial states. The stock market is already facing the adverses. The whole question of the existence of the EU and the seat of power in Brussels has been questioned now. Germany has a crucial role to play in filling the vacuum , though it wont be easy. Rise of the political right in Europe is also a major concern. This would certainly impact the migrants. @naveen
it is being said that Brexit would lead to lower commodity prices including oil prices. couldnt understand the rationale behind this assertion. if anyone could make this clear???
If the global investment sentiment declines, and there is fall in demand and thus growth; then there might be a fall in the commodity prices.
# Immigration laws of JUKE may get impacted..so Indians diplomats have to brace up for securitising Indian interests post brexit !!
# Direct engagement with JU KE darling may fetch better favourable outcomes for Indian diplomacy and interests as earlier entire EU interests were coupled together !! (Ex may be ab UK hmare ALPHONSO khreed le 250 sal ki purani rishtedaari ko dhyan m rkhte huye !!)
# Oil prices may get impacted towards south !!
# In short term EU breakup may hv transient ripples in world economy so Sensex Jutiyapa can happen !! Upr se sir Governor bhi jaa rhe h to investors ka JIYA Dhadak Dhadak..!!!
Lastly but Not Leastly -
## Kejriwal TAU may get inspiration for direct democracy !!
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Comments
For the Indian govt, it'll provide a breather as the oil prices would fall. The check would provide an advantage to ruling BJP in the election year for some crucial states.
The stock market is already facing the adverses.
The whole question of the existence of the EU and the seat of power in Brussels has been questioned now. Germany has a crucial role to play in filling the vacuum , though it wont be easy.
Rise of the political right in Europe is also a major concern. This would certainly impact the migrants.
@naveen
@Captain_Peroxide you remember this?
http://discuss.forumias.com/discussion/comment/919043/#Comment_919043
Edit:
btw in both of yours' informed opinion where is it headed next, the stock market??# Direct engagement with JU KE darling may fetch better favourable outcomes for Indian diplomacy and interests as earlier entire EU interests were coupled together !! (Ex may be ab UK hmare ALPHONSO khreed le 250 sal ki purani rishtedaari ko dhyan m rkhte huye !!)
# Oil prices may get impacted towards south !!
# In short term EU breakup may hv transient ripples in world economy so Sensex Jutiyapa can happen !! Upr se sir Governor bhi jaa rhe h to investors ka JIYA Dhadak Dhadak..!!!
Lastly but Not Leastly -
## Kejriwal TAU may get inspiration for direct democracy !!