Britain releases new 50 pence coin marking BREXIT

The British Government has unveiled a new 50 pence coin commemorating Brexit. The coin has the inscription “Peace, Prosperity and Friendship with all nations”. Around 3 million coins are to be distributed from post offices, banks and shops from January 31, 2020.

India and Brexit

More than 800 Indian companies have invested in UK. Some of them have made their investments aiming at the wider European market. UK is the third largest FDI contributor in India. Also, India is the largest G20 investor of the United Kingdom. The key sectors attracting investment in the UK are agritech, health care, drinks and food.

On the other hand, India has to adjust to the world order that is changing due to Brexit. For a short term, it is estimated that Brexit will have a negative impact on 108 billion USD business of India.

Britain and Brexit

According to the International Monetary Fund, Brexit will reduce the size of the Britain Economy by 5%. The impact will reduce its economic activities by 3.8% to 7.5% by 2030.

Month: Current Affairs - January, 2020