Impact of Brexit and Indias Preparedness a Perspective

Abstract

Britain's decision to withaw from the European Union on June 24, 2016 ceasing its long affiliation since January 1. 1973 has sent shockwaves across the globe. The markets have collectively reacted sharply leading to turbulence especially in financial markets. The investors are found dumping stocks and risky assets opting for safe heaven assets. The earnings outlook of corporate entities has taken a beating. The Indian companies which have their business contacts and locations in Bri tain and Europe are feeling the pinch of Brexit. However. our regulators are of the opinion that the nation is ready to handle the eventualities of Brexit.