Impact of Brexit on India – An Overview

S V Divya; A Abirami

S V Divya Research Scholar, Sri Parasakthi College for Women, Courtallam
A Abirami M.Phil Scholar, Sri Ram Nallamani Yadava arts and Science College, Tenkasi

Keywords: Brexit, European Union, Referendum

Abstract

At present, Brexit is a hot and prominent topic in the world. UK withdraw from the EU is called Brexit which resulted in the Sensex opened lower by 635 points and went down by 1,091 points before bottom fishing brought some stability. Even as the index recovered 486 points from the day's low, it still closed the day with a deep cut of 605 points or 2.24%. With Britain’s exit, global financial markets also had a jolt. The Britain & EU-centric export related economics may feel the immediate impact. The economic advisors assure that Brexit effect on India will be relatively limited. "Brexit is a big, once-in-a-life kind of historic event. Its consequences will last longer than we can think," says Motilal Oswal, CMD, Motilal OswalFinancial Services. This paper is an attempt to analyze the impact of Brexit on India. This study is based on secondary data.