Indian companies seem determined not to be affected by the uncertainty around post-Brexit UK and Europe.
Manjeev Singh Puri as the Ambassador of India to the European Union (EU), Belgium and Luxembourg has a unique vantage point on the unfolding global order following the UK’s referendum result in favour of an exit from the EU. The seasoned diplomat, who took charge in Brussels in January 2014, takes time out for ‘India Global Business’ to give a broad view of what the post-Brexit scenario could look like for India.
The frayed nerves have calmed; the markets have stabilised; and investor attention has turned from the fallout of Brexit to the flight path of the Monsoon clouds over India and the fairly good probability of the long awaited GST Bill finally going through the Rajya Sabha and becoming law.
More than a month after the unexpected vote in favour of Brexit, economists, analysts and policy planners are unanimous that that Britain’s shock decision to exit from the European Union (EU) is unlikely to cause any major long-term damage to the Indian economy as it is still very dependent on domestic consumption, which is mostly insulated from global even.
Priti Patel has taken over as Secretary of State for International Development in the Theresa May led post-Brexit British government. A significant promotion within the UK political establishment for this Gujarati-origin Conservative party MP is expected to bring some good news for India.
The fact that Priti Patel became a key voice of the pro-Brexit camp in the lead up to the June 23 referendum in Britain may have seemed like a political risk at one level but it was a very natural choice at a personal level.
To say that the UK’s vote to leave the EU has ushered in a period of “uncertainty” would be something of an under-statement.
Even though the UK voted decisively to leave the EU, there is no consensus on what Brexit means in practice. On the one hand, a few politicians, along with much of the press, are celebrating the UK’s new freedom to pursue trade deals with fast-growing emerging economies such as China and India, for now this freedom is...
The India-UK economic relationship is an important one, and would continue to go from strength to strength as the UK exits from the EU, according to the Confederation of Indian Industry (CII).
CII reaffirms its commitment to building trade and investment ties and positively enhancing business linkages with the UK. There is an increasing level of Indian investment into the UK, and many of these Indian businesses are doing extremely well. A recent Grant Thornton/CII ‘India Meets Britain’ report noted that the number of Indian companies growing at over 10 per cent per year in the UK has jumped to 62 from 36 in the previous year. Telecom and technology companies have achieved phenomenal growth, for example HCL Technologies recorded a growth of 728 per cent.
The CEO of London’s economic development agency, London & Partners, flags up the British capital’s many positives in an attempt to convince Indian companies not to be put off by the recent referendum in favour of Britain’s exit from the European Union.
Last year, London’s economic development company, London & Partners, ran a programme to discover those Indian start-up businesses which are most likely to go global. We flew the most exciting companies in adtech, cyber security, artificial intelligence, ecommerce, analytics and other sectors to London to participate in an acceleration bootcamp programme.
Our aim was to strengthen the economic ties between UK and Indian entrepreneurs and investors, and to show them that London was a great place from which to go global.
The Royal Commonwealth Society, in partnership with the Confederation of Indian Industry (CII), recently released a new report that lays out the business case for simplifying the visa process for Indian tourists coming to Britain. ‘India Global Business’ explores the bounce it can offer a Brexit-hit UK economy.
An Indian economist gives his views on the unfolding scenario for India and the world after Britain voted to leave the European Union economic bloc in a referendum on June 23.
Last year, India invested more in the UK than in Germany, France and Italy combined. In terms of number of projects, India was the third largest source of foreign direct investment (FDI) to the UK, with around 122 projects generating more than 7,700 jobs in the country (Source: Deloitte). The UK is also one of the largest investors into India, contributing around ...
On June 23, Britain voted in a referendum which unleashed a seismic shift in world politics. As the UK begins the process of defining the contours of its exit from the European Union (EU), we rewind to how the debate had divided Global Indian members of Parliament in the country.