SEAnews 2016-07-03 ArtNo.45796

【Mumbai】The prospects of Britain's exit from the European Union (EU) have come as a rude shock to Indian companies, as they are likely to face lower sales, increased cost of operations, immigration barriers for their employees and a fall in export earnings.
○Brexit blues for Indian exports; here’s how

【New Delhi】Britain’s decision to pull out of the EU heaped fresh uncertainties on Indian exports, as industry fears a short-term cascading effect of global currency and stock market volatility and awaits the terms of the exit, likely by 2018.
　While some export-oriented sectors like information technology and garments see some immediate relief in the form of a weakening rupee, a Europe sans the UK undermines the potential economic gains of the proposed India-EU free trade pact for them.
○Brexit: Indian diaspora fears loss of jobs
【New Delhi】Britain's vote to leave the European Union has evoked apprehension among the Indian diaspora, with its concerns and expectations centred around jobs in Britain. While 'Brexit' does open up the possibility of increasing skilled migration with the 'leave' spearheads arguing for increasing European migrants into the country, there could be greater competition resulting in fewer Indian migrants making it to the UK.
【News source】

Brexit aftermath: India Inc sees red

Brexit blues for Indian exports; here’s how

Brexit: Indian diaspora fears loss of jobs

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