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How will Brexit affect India? Bhavin Turakhia weighs in

The Flock boss said that India and the UK will have to enter into new trade agreements that are mutually beneficial to both economies.

, ET Bureau|
Oct 18, 2019, 03.32 PM IST
Turakhia said that the UK is one of India’s most important trading partners.
British PM Boris Johnson has announced that a new deal has been agreed that will finally allow UK to leave EU by October 31. Brexit is on everyone’s mind. Even here in India. Bhavin Turakhia, Founder & CEO, Flock, says that Brexit’s impact will be felt across the globe and especially in India given the high number of trading partners between the two countries.

Turakhia says, “India has had strong historical ties with the UK and currently it is one of India’s most important trading partners.” He goes on to add that in the last four years alone, the number of Indian companies investing in the UK has quadrupled.

And it’s a mutual investment. “Similarly, the UK is today the largest investor in India, from among the G20 countries. Hence, what is left to be seen how India and the UK can maneuver through Brexit and enter into new trade agreements that are mutually beneficial to both economies,” says Turakhia.

Britain secured a Brexit deal with the European Union on Thursday, more than three years after Britons voted to leave, but Prime Minister Boris Johnson must still win a vote in parliament to get the agreement approved.

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