How could British exit from the European Union (Brexit) affect India?

India will increase its trade with the UK.
58% (28 votes)
India will lose an ally inside the biggest trade block in the world.
42% (20 votes)
Total votes: 48

Comments

As we known,India the closest friend in Europe is UK.UK always gives positive influence to India to let India companies to enter in Europe.During the Brexit out EU,UK will has less voice power for EU,it will led India trade in Europe more difficult.
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Total votes: 6
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Total votes: 1
Expert vote

Although Brexit may look like a disaster to for India as the UK was her window to the EU but we should see that the windows are already opened. EU already know the importance of India in their society and economy. This should be an opportunity for India to extend her goods and services directly to Europe. India can operate on 2 fronts here.Even if trade drops on the UK front it should be gained on the EU front in a greater measure.
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Total votes: 9
Peer vote
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Total votes: 1
Expert vote

I believe that it will have a mixed effect. On the one hand, it is possible that it will boost UK-India trade, because now the UK will be able to decide its own trade policy the will presumably be more ope to other Commonwealth countries. On the other hand, after Brexit, without the UK as an ally inside the EU, it is possible that the EU will be able to implement a more protectionist policy towards India. So it is a mixed effect.
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Total votes: 14
Peer vote
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Total votes: 1
Expert vote

The UK's accession to the European Community has meant the adoption of a common commercial policy, and the substitution of Indian imports with some from other European countries. Brexit offers an opportunity for the UK to recover the lost ground and to benefit from increased trade with one of the fastest-growing economies of today.
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Total votes: 8
Peer vote
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Total votes: 1
Expert vote

I think this Brexit will help India to build links with other EU countries not just with Britain as it had been so far. In general, Brexit might not be so good for India because India would lose a friend within the EU and would also have to deal with a aggressive new leadershop in the UK. UK has traditionally been among India s closest friends in Europe and she was the most positive about India's influence. When UK loses a voice in EU, India loses a partener in EU. In market would definitely see a temporary hit because of Brexit. If we looks the imports from UK this can be getting cheaper on the event of Brexit, mainly rough uncut diamonds, spirits etc. As an advantage for indian students loans to get cheaper in UK and similar remittances will be cheaper. The Brexit hasn t limited implications but a cascading affect can be seen across the Global Markets on the happening of Brexit.
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Total votes: 10
Peer vote
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Total votes: 1
Expert vote

Brexit’ is the short form for British Exit, meaning the exit of Britain from the Eurozone membership it currently holds. India was often mentioned in the run-up to the referendum, as a natural trade partner after Britain leaves the EU. The Indian-British relationship on various dimensions, such as "business, energy security, climate change, education, research, security and defense, and international relations. India doesn’t currently trade much with the EU, so they don’t have much to gain or lose from a Brexit. Markets would probably prefer UK stays in because any uncertainty creates volatility. The outcome of a British Exit from the Eurozone membership, would have a ‘low’ impact on Indian during the early parts, whereas later, it could have some amount of ‘higher’ impact as well, though it would be tougher to gauge. “An initial analysis indicates that the impact on India may be mixed; clearly negative in the short term and harder to discern in the longer term - with either scenario having some positive and some negative points,” meaning that the impact will be felt only after 2 to 3 years of it taking place and the flows of trade and investment would likely continue in the regular course. The India goods is using British market to enter other markets in the European Union (EU), by setting up head-offices in the UK, mainly London, and other branch offices to serve in the EU market. One of the reasons, why this method has traditionally helped is the swift and easy movement of skilled labor between the members of EU and Britain. When Britain does exit the EU, the effect would be: 1) There would be a need to setup individual headquarter/operation offices in other major EU markets, other than that of Britain. 2) This would mean that greater resources would need to be diverted from the UK to the other EU markets. From both scenarios India takes full advantage.
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Total votes: 14
Peer vote
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Total votes: 1
Expert vote

I think that it has double effect. On the one hand, the trade between India and the UK will grow up, goods will be cheaper. But on the other hand, India lost its closest ally in Europe and lost the opportunity to trade with the most powerful trading zone. So we can’t exactly say that Brexit has negative or positive effect on India.
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Total votes: 9
Peer vote
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Expert vote

Given the history India and the UK share, a few opportunities and challenges could arise. Opportunities: an easier to negotiate Free Trade Agreement (EU being out of the picture), more relaxed visa regime and easier regulations, tax breaks, the opening up of markets, more Indian investment, devalued pound lowers import costs for India and educational opportunities for students, including cheaper loans and remittances. Challenges: the risk of separation from international organizations in EU or Asia (other (Bre)exits), double negotiations involving FTAs (with EU and the UK), relocation of workers from EU to UK, the need for contigency planning. More immediate effects are on trade (companies needing to find alternate access to EU market, currency volatility, cost increases for firms) and markets (foreign funds, stock markets, general market volatility). Seeing as this is a very complex issue for both parties, real solutions will appear only after lenghty negotiations between the two countries. It's meant to be a long term collaboration for both the UK and India, after all, as it has been up to this point in time.
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Total votes: 11
Peer vote
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Total votes: 1
Expert vote

My choice of the second variant was based on these thinking. I don't like to make forecast! So I chose "the lost wrong" - the second answer. At the same time I think that India has not lost the ally in the EU. Winston Churchill said that GB does not have friends and ... So, there are no constant and real allies and friends in the sphere of the competitive economic interests on the world arena (the best example - Russia vice Turkey during last 2-3 years). If India's economic and other interests will be the same as, for example, France, it could receive new ally in this biggest trade block in the world.
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Total votes: 6
Peer vote
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Total votes: 1
Expert vote

I think India and the UK will not stop cooperating because it is beneficial for both countries and it has been for a long time already. But perhaps when Britain leaves the EU, India will close doors to the most powerful trade zone. Therefore, it is necessary to act now and to establish trade relations directly with the EU, and not through the United Kingdom.
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Total votes: 9
Peer vote
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Total votes: 1
Expert vote