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.
2. Indian companies in Britain – All the Indian companies in Britain like Tata Motors and others, their stocks have come crashing down on an average of 7%. Indian investors uncertain over the repercussions of the exit have gone on a selling spree after the news of BREXIT broke out. Indian companies in Britain will have their tasks cut out for the coming future given the partial delinking of Britain from the European market.
3. Countering United States – Asian countries and other small economies all are wary of a unipolar world with the US at the helm, the EU provided the counterbalance to the US for other countries to exploit. The exit of Britain weakens Europe significantly and the chance of a bipolar world. There is every reason for Asian countries to be nervous about BREXIT.
Good news is there as well
4. Borrowing in pounds – For all the companies which had borrowed in pounds, they will have to pay less now given the 10 % slide in the currency.
RBI governor has calmed things down post BREXIT news, while the ruling party has allayed fears over the potential consequences of BREXIT, Congress Jairam Ramesh speaking to The Hindustan Times termed BREXIT as a “suicide” committed by Europe.
It’s so easy to say, “Follow your heart” or “Follow your dreams” but when one actually tries to take that leap of liberty, the society reinforces its shackles. In myriad ways, the age-old traditions come to stop the dreams of the youth. This is more manifest in the case of girls and women. However, passion can’t be contained and restrained for long.
This is the story of Roshni Misbah. Breaking stereotypes, she aspires to be a professional racer. Her journey has been tough, to say the least. Consider this, a hijab-wearing woman riding a sports bike with panache on the Indian roads amid stares, taunts and jeers.
The parents at home know too that society will be unkind and hesitant to accept someone who is flouting the age-old norms. Perhaps, this is why the parents resort to worry and scoldings. However, if the fire of liberty has been lit inside an individual, then it’s only a matter of time before they will rise like a phoenix, gloriously new-born from the ashes.
Roshni has covered over 15,000 km riding more than 60 bikes. She shares, “The sight of a girl on a sports bike deeply dents egos of some men and the taunts start.” It’s not easy to follow one’s dream if there are self-proclaimed proprietors of ‘decency’ at every nook and corner. Yet, Roshni stands tall.
It’s not easy to stand up to your parents and then face the issues they warned you about from society. Is it not right to follow one’s dreams and one’s own heart? If people do not break stereotypes, then all the potential for achievement and innovation will die unfulfilled. If doing something does not break a law, then what gives the right to anyone to comment and object to it?
This is the 21st century. Till when we will allow ourselves to be controlled by the whims and desires of those whose opinions deserve no merit or consideration. If this is not the right time for talented and courageous women to take a stand, then when will that time come.
“When I will walk, you will stare. When I will lose, you will laugh at me, taunt me. But, at the speed of 234 km/h, I wouldn’t hear all this,” says an undaunted Roshni. It’s time we show our support to their leap of liberty and as a society, we come together and say #ChalBadhChal.
The Logical Indian commends the passion and spirit of Roshni Misbah and appreciates Leap 7X by Liberty Shoes for bringing up this story.