InvestorQ : What is left to be done after the BREXIT deal and is there any way that India can benefit from the BREXIT story?
diksha shah made post

What is left to be done after the BREXIT deal and is there any way that India can benefit from the BREXIT story?

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Archita Jajjoo answered.
4 weeks ago
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Ok, there are two parts to your question and let me answer them separately. Your first query pertains to the unfinished agenda in the BREXIT deal. For starters, the services trade will be subject to a set of restrictions and local laws and is not free. UK is free from EU interference but it also means UK loses the institutional backing of the ECB and EU.

Now comes the big issue of immigration. Free movement of people across borders is not going to happen in the future. There is likely to be an elaborate points-based grading system based on which visas will be granted and issued by both the sides. This was one of the major methods by which UK attracted European students to its elite universities.

The bigger unfinished agenda pertains to the scores of companies that are headquartered in UK and operating seamlessly across the EU. Now, that will not be possible any longer already companies are looking to shift their headquarters. Finally, there is the big dispute over fishing in common waters, which is unresolved and is close to a $1 trillion business.

What does BREXIT really mean for India? At a basic level, BREXIT comes as a mega opportunity for India to deepen its trade relations with the UK on one hand and the EU on the other. India must target FTA with the UK sooner rather than later. In fact, BREXIT will certainly open the trade doors as UK will not be bound by EU rules any longer.

There is the corporate opportunity for Indian companies. Tatas are the largest employer in the UK and post BREXIT the economy will hungry for capital. This is a chance for Indian companies to make their presence felt. Above all, the BREXIT opens up the services trade with the UK and EU for India. Actually, that is India’s real strength.

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