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Brexit Impact: Facts and Analysis

After months of intellectual meanderings, it is here finally – Brexit. Initially it looked likely that the “remain” campaigners would win, having garnered support from none other than the British Prime Minister, the Labour Party and more than 50 per cent of Tory members. As the referendum date got nearer, a different picture emerged. The voices in support of the “leave” campaign became louder. And now it has happened! India has reached that stage of economic maturity and integration with the global economy where it can no more remain insulated from major global shifts. This note provides a quick analysis of the facts, possible implications and what could impact our sector – positively or negatively. We will continue to track this and provide regular updates as things become clearer. ...

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