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This is how Brexit'
is going to Hit Our Stocks, Rupee And the Economy:
NEW DELHI: The next big event risk before equity investors across the globe, including those of
India, is the 'Brexit' referendum.
The United Kingdom will hold
the referendum on June 23 to decide whether Britain should stay with the EU or
not. Some analysts say this would be the most important global event this year.
A 'Leave' mandate can hold profound implications for various economies in Europe and for countries with which Europe shares deeper trade relations. However, a 'Remain' vote will keep things steady and boost risk-on sentiment.
A 'Leave' mandate can hold profound implications for various economies in Europe and for countries with which Europe shares deeper trade relations. However, a 'Remain' vote will keep things steady and boost risk-on sentiment.
Although recent polls
indicated that the wind was shifting in favour of a 'Remain' vote, it's still
too close a call.
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From India's point of view,
Brexit is important because besides sharing trade relations, EU is India's
largest single export market. With a population of around half a billion, the
European economy is worth $16 trillion, which is equivalent to one-fourth of
global GDP.
Data with the Commerce and
Industry Ministry shows India's bilateral trade with Britain stood at $14.02
billion in 2015-16, out of which $8.83 billion was in exports and $5.19 was in
imports. The trade balance thus was a positive $3.64 billion.
Exports to the UK presently
account for 0.7 per cent of Asian countries' GDP. Some studies estimated that a
Brexit would reduce British imports by 25 per cent worldwide within two years.
Indian stock market has impact of global as well as domestic market movements. To cope up with market movements in an efficient manner use proper stock tips, commodity tips while trading.
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