Saturday, Dec 10, 2022
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Hearts In Galleons

Hearts In Galleons

Close trade ties bind India with EU and UK. A ‘Brexit’ is seen through a commercial lens.

Hearts In Galleons Hearts In Galleons

India

  • Impact on Indians living in Britain since most of them are immigrants like those the ‘Leave’ camp wants to keep out
  • UK is India’s third largest investor. Concerns about investments, current and future, from UK and EU into India. Indian investors fret about loss of single market.
  • India is the third largest source of FDI in UK. Tatas are the largest private sector employer. Indian investments in UK more than combined investment in rest of EU

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A secession crisis is looming large over Europe, threatening to destroy not only the European Union and a united European dream but also, what some obs­ervers dread, the destruction of the “Western civilisation in its entirety”. For the past seven years, Eur­ope has been lurching so from one crisis to another that many experts now feel that crisis management has become its ‘new normal’. Since 2009, it has fought a financial crisis, been embroiled in a Greek crisis, and then in a Ukraine crisis and, from last summer, inundated by a refugee crisis that may yet get a fresh lease of life in the coming months.

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