07 November 2019

Surfing Through Turbulence

Devangshu Datta
Can you make any sense of Brexit ? Nor can I. The UK is the second-largest economy in the Eurozone and the sixth-largest in the world. Every form of Brexit that’s on the table will reduce the UK’s GDP by some amount for the next 10-15 years. India has a strong commercial connection with Britain. Apart from having taken over British companies such as JLR and Corus, Indian businesses have also raised money in Britain. Most have also located their EU headquarters in Britain due to the conveniences of an English-speaking environment. Plus, there are remittances from the substantial Desi population in the country. There are strong chances all that will take a hit.  If you cannot make sense of Brexit, can you make sense of the USA and China trade war? The tariff war between the world’s largest and second-largest economy is set to continue. It has hurt both nations. The...
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