9 Ways Brexit Will Impact India & It Is Not Bad In The Long Run

9 Ways Brexit Will Impact India & It Is Not Bad In The Long Run

Several Indian companies are listed in the London Stock Exchange and this will take away their benefits in Europe.

Top Indian firms in the UK like Tata Motors, Bharti Airtel, Motherson Sumi, HCL Technologies, Emcure Pharma and Apollo Tyres who trade with EU through Britain will incur losses. 

tata motors

This could also have a negative impact on the Indian IT sector. According to Nasscom, 30 percent of the industry’s $100 billion revenue comes from the European market, which is the second largest for the India’s IT-BPM sector. In the near term a likely decline in the value of the British pound could render many existing contracts losing propositions unless they are renegotiated.

The rich Indians will be lured by London realty with many local agents screaming about a 20 per cent fall in real estate prices across the UK.

Big Ben and Houses of parliament, London

banknet80This article has been Contributed by Banknet India, one of the most popular Banking, Finance & Technology News Site . Visit at www.BanknetIndia.com

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