Impact of Brexit on the World Economy: WHAT IS BREXIT?, WHY BRITAIN WANTED TO EXIT?, REASONS OF BREXIT, TOP ISSUES IN RELATION TO THE EU REFERENDUM, IMPACT ON GLOBAL ECONOMY, IMPACT ON INDIAN ECONOMY, CONSEQUENCES, IS BREXIT BAD FOR EUROPE?, & CONCLUSION.

1. BREXIT:
IMPACT ON WORLD ECONOMY
Presented By: Shubham Ahirwar

2. WHAT IS BREXIT?
• Brexit ("British" and “Exit") is the withdrawal of the United Kingdom (UK) from
the European Union (EU).
• The decision was proposed in 23 June 2016 referendum in which the United
Kingdom voted 51.9% to leave the European Union.
• The vote was 17.4 million in favor of leaving versus 15.1 million who voted to
remain.
• On March 29, 2017, former U.K. Prime Minister Theresa May submitted the Article
50 withdrawal notification to the EU.The deadline, which has been extended
several times, is now January 31, 2020. But it could be extended until July 1, 2020.

3. WHY BRITAIN WANTED TO EXIT?
• Britain felt that it too many rules are being imposed on its business due to being
the member of European Union. Also, Britain had to pay billions of pounds a year
in membership fee, with a meagre return on this fee.
• Also, EU membership reduced the control which Britain had on its border. While
Britain wanted a better control of its borders as well as prevent the large number
of non British people coming in to Britain to live and work.
• Reason for free flow of external people to Britain was due to the Free Movement
policy of European Union which eradicated any need to have a visa while moving
within the EU Countries.

4. REASONS OF BREXIT
• To make stronger trade deals with other nations.
• To control our national borders.
• To restore Britain’s special legal system.
• To improve the British economy and generate more jobs.
• To make major savings for British consumers.
• To restore British customs and traditions.

5. TOP ISSUES IN RELATION TO THE EU REFERENDUM
1. Trade
2. Fiscal and funding
3. Regulation
4. Sub-sectors
5. Foreign Direct Investment
6. Labour market
7. Uncertainty

6. IMPACT ON GLOBAL ECONOMY
• Potential Brexit deals
• Brexit implication for third countries
• Economic effects of Brexit on EBA countries
• Economic effect of Migration, Jobs, Tariffs, Public Finances.

7. IMPACT ON INDIAN ECONOMY
1. UK Visa Aspirants
2. Impact on IT industries
3. Impact on IT industries
4. Impact on Indian Economy and Markets
5. Impact on India’s Trade with EU and UK
6. Impact on Gold Price in India
7. About 800 India Company in Britain

8. CONSEQUENCES
1. Inflation
2. Hard Border
3. Restricted Labor Movement
4. Scotland
5. Real Estate
6. Travel
7. Divorce Bill

9. IS BREXIT BAD FOR EUROPE?
1. Cutting off the fifth largest economy
2. Losing the massive net contribution
3. Losing the geopolitical reach
4. Losing the UK’s open market
5. The UK brought in rights for women
6. The UK traditions of peaceful protest
7. The UK’s armed forces - other than France’s
8. The EU will have no native English speakers
Yes, Brexit is bad for Europe, for eight reasons:

10. CONCLUSION
• There were 17.4 million votes for “leave” (51.9%).
• There were 16.1 million votes for “remain” (48.1%).
• “Leave” won the highest share of the vote in England and Wales.
• “Remain” won the highest share of the vote in Scotland and Northern Ireland.
• It also caused some severe political damage and weakened Europe geopolitically.
• Finally we come to the conclusion that BREXIT has damaging effects on the
economic development in the entire EU.

11. THANK YOU!