How Brexit could cast a shadow over Indian businesses

Flight of banking jobs could hurt the prospects of Indian restaurants, real estate developers in UK

When the United Kingdom decided through a referendum on June 23, 2016, that it would leave the European Union, it was a given that EU agencies in the City of London would be relocated to other “ideal” European capitals. Like in every other area of work, there is presence of people of Asian origin in European Banking Authority (EBA) and European Medicines Agency (EMA) headquartered in London. 

As was seen in the past, when locations were to be chosen for more than 40 EU agencies from among 27 member countries, on the current occasion, too, expect European candidate cities —