Brexit And Its Impact On India S Export Business

Brexit will lead to fundamental changes in the trade relations between the UK and other nations. It would pose a challenge to countries such as India that use the UK as a gateway into the EU. The loss of the Single Market would also pose a challenge to the UK and the EU. It is too early to tell how the economic rivalry between the UK and the EU will play out in the long run. Developing economies that depended on the EU are bound to be affected by the rivalry. India is one of the countries that would be affected by the economic rivalry. The paper uses a review method to determine the impact of Brexit on Indian companies both at the local and international level. It undertakes a review of Mirza International, Tata Motors, Sun Pharmaceutical Industries, Rajesh Exports Limited, and Reliance Industries limited (RIL), which are some of the largest companies in India. These companies operate in industries that are bound to be affected by Brexit. Therefore, an analysis of the impact of Brexit on these companies would depict the impact of Brexit on India as a case study. The results of the paper show that India would have a positive net effect from Brexit regardless of the fact that Brexit may lead to losses in trade between the UK and India. As India is the source of FDI of the UK, Brexit would result in making other countries in the EU attractive destinations of the FDI. To avoid losing out, the UK would try harder to ensure that more capital comes from India. The UK may do this by wooing Indian companies to ensure they invest in the UK It may provide tax breaks and other incentives. Nevertheless, it is vital for India to form stronger ties with the EU since the UK has been India's gateway to the EU. This will provide India with a wider access to the EU market. Loss of subsidies for EU students to study in the UK would necessitate the country to look for an alternative source of students. India is one of the markets that the UK would explore in the aftermath of Brexit.

Brexit will lead to fundamental changes in the trade relations between the UK and other nations. It would pose a challenge to countries such as India that use the UK as a gateway into the EU. The loss of the Single Market would also pose a challenge to the UK and the EU. It is too early to tell how the economic rivalry between the UK and the EU will play out in the long run. Developing economies that depended on the EU are bound to be affected by the rivalry. India is one of the countries that would be affected by the economic rivalry. The paper uses a review method to determine the impact of Brexit on Indian companies both at the local and international level. It undertakes a review of some of the largest companies in India. These companies operate in industries that are bound to be affected by Brexit. Therefore, an analysis of the impact of Brexit on these companies would depict the impact of Brexit on India as a case study. The results of the paper show that India would have a positive net effect from Brexit regardless of the fact that Brexit may lead to losses in trade between the UK and India. As India is the source of FDI of the UK, Brexit would result in making other countries in the EU attractive destinations of the FDI. To avoid losing out, the UK would try harder to ensure that more capital comes from India. The UK may do this by wooing Indian companies to ensure they invest in the UK It may provide tax breaks and other incentives. Nevertheless, it is vital for India to form stronger ties with the EU since the UK has been India’s gateway to the EU. This will provide India with a wider access to the EU market. Loss of subsidies for EU students to study in the UK would necessitate the country to look for an alternative source of students. India is one of the markets that the UK would explore in the aftermath of Brexit.

Papers presented at national seminar held during 17th-18th March, 2017 at Centre for Economic Studies, Central University of Punjab, Bathinda, India.

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This book studies the unprecedented decision of 23 June 2016, which saw the UK electorate vote to leave the EU, turning David Cameron’s referendum gamble into a great miscalculation. It analyzes the renegotiation that preceded the vote, before examining the campaign itself so as to understand why the government’s strategy for winning foundered. It then evaluates the implications that this decision has for the country’s international relations as well as for its domestic politics. The author’s final reflections are on the political philosophy of Brexit, which is founded on a critique of representative democracy. Yet the use of direct democracy to trigger EU withdrawal leaves the supposedly sovereign British people at an impasse. For it is up to the people’s representatives to negotiate the terms of Brexit. By engaging with a highly charged political debate in an accessible and non-partisan manner this book will appeal to a broad readership of academics, policy-makers, journalists, and interested citizens.

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Business has been increasingly becoming global in its scope, orientation and strategic intent. This book by a renowned author provides a comprehensive yet concise exposition of the salient features, trends and intricacies of international business. The subject matter is presented in a lucid and succinct style so that even those who do not have a prerequisite knowledge of the subject can easily understand it. The text is enriched and made more interesting by a number of illustrative diagrams, tables and boxes. Another significant feature is the profuse references to Indian contexts and examples. Obsolete materials have been deleted and new ones are added at many places. The sixth edition of the book is characterised by updating of information throughout, besides significant modifications and recasting of most of the chapters. The text is supplemented with five new cases. The book is primarily intended for the undergraduate and postgraduate students of management and commerce. Besides, it will also prove useful for the postgraduate students of economics. Visit https://www.phindia.com/International_Business_Cherunilam for instructor’s resource (PPTs). NEW TO THE SIXTH EDITION • Introduces new chapters on – Global Economic, Political and Technological Environments of Business – Global Socio-Cultural and Demographic Environment – International Investment and Financing – Balance of Payments and Global Trade – Foreign Trade Policy, Regulation and Promotion • Offers significant revision in the chapters on – Introduction to International Business – WTO and Global Liberalisation – International Monetary System and Foreign Exchange Market – Multinational Corporations – Globalisation – International Operations Management – Trade and BOP of India – India in the Global Setting – Globalisation of Indian Business • Presents slight modifications in the chapters on – International Trading Environment – International Organisations • Replaces the old case studies with five new ones to keep students abreast of the latest practice in the field TARGET AUDIENCE • MBA / PGDM / BBA • MCom / BCom

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