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THE BREXIT PHENOMENON-HOW WILL IT IMPACT THE INDIAN MARKETS AND THE ECONOMY?


Dr.Jayalakshmi Srikumar
,
Abstract

The “Rexit” phenomenon took the Indian stock markets by storm. As the markets rebounded slowly there came the “Brexit” phenomenon, the exit of Great Britain from the EU. This article looks at the impact of Brexit on the Indian stock markets in general and the sectors in particular. It also analyses the impact on the currency, bonds and the gold market. The overall effect on the economy and the GDP in particular has been examined. The oil scenario has also been looked into. While some companies and sectors have large collaborative agreements with the EU, the impact can be quite profound. The article concludes by saying that India will now have to explore economic ties and alliances with other major economies.

KEYWORDS: stock markets, Sensex, liquidity, economy, Rexit Phenomenon

Keywords:
Journal Name :
EPRA International Journal of Economic and Business Review(JEBR)

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Vol : 4
Issue : 7
Month : July
Year : 2016
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