Brexit is an abbreviation for "British exit," referring to the UK's decision in a June 23, 2016 referendum to leave the European Union (EU).

2. European Union
•France and Germany which were serious rivals decided to say no to
wars after World War II
•In 1951 European Coal and Steel Company was formed by 6 Countries
•In 1957 economic union named European Economic Community EEC
was formed
•In 1973 UK joined European Economic Community
•EEC became EU in 1993 to form economic and political union
•In 2002 Euro became the currency of Eurozone
•Currently 27 countries are part of EU

3. European Union

4. Purpose of EU
• Fundamental Purpose of EU is to promote greater social,political
and economic harmony
It allows 4 Freedoms
-Goods Money Services and People

5. What is Brexit?
• Brexit stands for “British Exit” from the European Union
• Referundum was conducted
on 23 June,2016 for the Brexit
• Finally British is out of the EU
• Reasons For Brexit
-Interference of EU in matters of UK
-UK Tax Payers Money goes directly in European Union
-European Union Regulations cost UK businesses over £600
million every week

6. Economic Impacts

7. Impact on Currency
-Pound has fallen to its 31
yrs low
-It’s falling against all major
currencies
-If UK can secure a better place
on international stage,with
favourable trading arrangement
currency will rise else fall
further iIf t

8. Impact on Trade

9. Impact on Rest of the World
Increased paperwork: EU citizens in Britain and Brits living in other EU nations would have to update their immigration statuses. Companies
operating in both the UK and the EU would have to verify that they're compliant with two sets of laws.
Blow to UK economy: The UK government estimates say that Brexit could cause the country's economy to be between 3.8 and 7.5 per cent smaller
by 2030
Threat to UK's 'united' status: Brexit could encourage England, Wales, Scotland, or Northern Ireland to appeal for quitting United Kingdom
Ripple effect for global economy: The United States will bear the major brunt of a Brexit being UK's biggest trading partner. President Obama
has warned that it could take 10 years for Britain to negotiate a new trade deal with the US Goldman Sachs, JP Morgan, Morgan Stanley and Citigroup
together have contributed to the anti-Brexit campaign.

10. Impact on India
The Indian angle: With EU losing one of its members, India too can feel singed
Rupee may depreciate because of the double effect of foreign fund outflow and dollar rise
This will increase petrol and diesel prices to an extent
The government then may want to reduce additional excise duty imposed on fuel when it was on a
downward trajectory. This will increase fiscal deficit, unless revenue increased
Prices of gold, electronic goods, among others will increase
Cheaper rupee will make Indian exports, including IT and ITeS, competitive