Al Arafat Sherfuddeen
Passionate writer about current events, politics and happenings nationally and globally. An agent of communal harmony and an ardent Arsenal fan.
People of Britain have cast their vote and the results are out, Britain will leave Europe after 43 years of staying together. Opinions are divided on whether Britain was right to leave Europe. Pro-Business camp felt let down as their products would be hard to sell within Europe and hiring of young immigrant workers from Europe will not be easy now. While others have felt Britain gives a lot as the membership fee to stay in EU without anything much in return.
Taking a step back from all this, what is the potential impact for India?
1. The stock market reacted as expected and wiped away 4 lakh crore of investor wealth. However, given the sizeable amount of forex reserves, low inflation among other strong fundamentals, India is expected to bounce back from this plunge.
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